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Exxon says New York AG distorts company's climate data

Published 06/09/2017, 03:59 PM
© Reuters.  Exxon says New York AG distorts company's climate data
XOM
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  • Exxon Mobil (XOM +1.9%) says New York Attorney General Schneiderman has wildly distorted how it calculates the long-term financial impact of climate change on its assets.
  • The AG asserted in court last week that XOM had misled investors, revealing "significant evidence" that the company may have been using two sets of numbers - one secret and another for public consumption - to calculate the impact of climate change on its oil and gas reserves.
  • XOM says Schneiderman's filing was "filled with inflammatory, reckless and false allegations," and that his findings were predetermined; the company asks the judge to reject a fresh subpoena in the case.
  • Now read: The Future Of Exxon Mobil Is Oil & Gas Futures


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