🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

New York AG alleges Exxon misled investors on climate

Published 06/02/2017, 08:27 AM
© Reuters.  New York AG alleges Exxon misled investors on climate
XOM
-
  • Exxon Mobil (NYSE:XOM) may have misled investors about how it accounts for the impact of climate change on its operations by using internal estimates that differed from its public statements, New York's attorney general asserts in court papers reported by WSJ.
  • Disclosing for the first time some of the specific evidence collected in its probe of the company, AG Eric Schneiderman says he found documents showing that XOM’s process for estimating the potential future costs of greenhouse gas regulations on its business “may be a sham."
  • The AG office made the claims in a filing in New York state court seeking to compel XOM to release additional documents and produce witnesses for the investigation, which began in 2015.
  • Now read: Exxon Mobil - Trading At A Fair Price


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.