collected by :John Locas
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Exxon suggested in the court filings that Schneiderman’s recent subpoenas into the company’s climate records amount to conspiracy theories drummed up to gain media attention and further the Democrat’s political ambitions.
Schneiderman’s documents appeared to show the oil producer used a price of $40 per ton internally.
The New York Attorney General’s office had remained undeterred.
Federal regulators have criticized Susanne Rust, one of the lead researchers responsible for Columbia’s Exxon reports, in the past for allowing her environmental activism to dictate her research on the oil company.
The secrets numbers show the effects climate regulations have on the company’s future assets, the Democrat said.
Still, pulling out of the Paris agreement could have a chilling effect, said Warren Patterson, a commodity strategist with ING Bank NV in Amsterdam.
Dudley express his support for the Paris climate agreement during an interview with Bloomberg TV.
ConocoPhillips, the world’s largest independent oil and gas producer, also expressed support for the climate agreement on Wednesday.
In his first blog post after becoming CEO, Woods advocated low-emission fuels, carbon capture and biofuels as tools for meeting the goals of the Paris agreement.
On Wednesday, Woods said he remains committed to the Paris pact’s goals and methods.
Exxon Mobil’s Ambiguous Relationship with Climate Change
Oil and gas firms, in particular, have for obvious reasons a variety of reactions to the concept of climate change affecting their operations.
It is rather ironic then, given the firms reluctance to acknowledge the effects of climate change regulations, that ExxonMobil expressed enthusiasm for the U.S being part of the agreement.
All this occurred before Friday, June 2, when the New York Attorney General stated that ExxonMobil had misled investors regarding how the firm accounted for the risks of climate change.
According to CNN Money, the firm stated that the Paris accord is an “effective framework for addressing the risks of climate change” and that the U.S. is “well positioned to compete” within the scope of the agreement.
If what ExxonMobil states is true, the firm should face no legal consequences despite the confident statements of Eric Schneiderman.