BIG OIL SUED IN U.S. FOR CONCEALING INFO ON CLIMATE CHANGE

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22 august 2017

What Exxon Mobil Didn’t Say About Climate Change

By GEOFFREY SUPRAN and NAOMI ORESKES, The New York Times, Aug. 22, 2017

Scrutiny is mounting on the world’s largest publicly traded oil and gas company. On multiple legal fronts the question is being asked: Did Exxon Mobil’s communications about climate change break the law?

That’s what some of Exxon Mobil’s current and former employees think. In February, they filed a lawsuit arguing that the company deceived them by making false and misleading statements about the financial risks of climate change, which they argue affected the value of shares they bought as part of a company-sponsored savings plan. Other Exxon Mobil shareholders are bringing similar charges against the company in a separate class-action securities fraud case.

And just last month, three California communities sued 37 oil, coal and gas companies, including Exxon Mobil, for contributing to sea level rise while engaging in a “coordinated, multifront effort to conceal and deny their own knowledge of those threats.”...

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