collected by :John Locas
as mentioned in
Global oil giant Exxon Mobil railed against New York’s Democratic attorney general in court Friday for starting a “sham” climate investigation that is nothing short of “harassment.”
It added that the claims the attorney general is making are “frivolous” and do not require law enforcement action.
“No further evidence is required to establish the political motivation of the attorney general’s fruitless year-and-a-half long investigation pursuing his ever-shifting and unraveling investigative theories,” according to the filing.
Schneiderman has been pursuing his investigation into Exxon since 2015 when news reports indicated that Exxon suppressed studies by the company’s own scientists that warned of the hazards posed by global warming.
Exxon asked the court to close the investigations based on the “absence of any evidence of wrongdoing.”
Shares of Irving, Texas-based Exxon Mobil rose 16% in 2016 but have dropped nearly 10% since the start of this year.
The vote is a defeat for Exxon Mobil and a victory for environmentalists and shareholder activists, who saw support for their proposal grow from 38% a year ago.
Exxon Mobil Corp. shareholders pushed the company Wednesday to share more information about whether regulations designed to reduce climate change will hurt the oil giant’s business.
Tillerson set a different tone at Exxon by endorsing a carbon tax, supporting the Paris climate agreement and calling climate change a serious risk.
“At the same time, it assumes growing energy demand through 2040 including substantial demand for oil and gas.
Exxon Mobil Corporation
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