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Exxon still not complying with climate subpoenas, New York AG says

Published 06/20/2018, 03:14 PM
© Reuters.  Exxon still not complying with climate subpoenas, New York AG says
XOM
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  • Exxon Mobil (XOM -0.3%) continues to refuse to turn over documents crucial to New York’s investigation into whether the company’s public statements about climate change misled investors, according to a court filing by the state's attorney general's office.
  • XOM has not complied with subpoenas for cash flow projections reflecting how it used proxy costs to calculate the financial impact on its assets from future regulations tied to climate change, says the AG, which wants to know how the information has been used in making investment decisions and evaluations for assets and projects.
  • The state suspects XOM may use two sets of proxy costs, one for public use and one for internal applications.
  • Now read: DHS: Has The Outlook Changed?


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