Exxon Probed by New York in Toughest U.S. Climate Crackdown Yet
- 8 years ago
New York's decision to probe climate change disclosures by Exxon Mobil Corp. marks the most aggressive state action yet on the financial effects of burning fossil fuels.
New York Attorney General Eric Schneiderman issued a subpoena to the company on Wednesday seeking a lengthy list of documents and disclosures, including communications with trade associations and industry groups, according to a person familiar with the matter, who asked not to be identified because the probe isn't public.
The investigation is seeking information on whether the world's biggest oil explorer lied to investors and the public for almost 40 years about the impact of climate change on profits, the person said.
New York Attorney General Eric Schneiderman issued a subpoena to the company on Wednesday seeking a lengthy list of documents and disclosures, including communications with trade associations and industry groups, according to a person familiar with the matter, who asked not to be identified because the probe isn't public.
The investigation is seeking information on whether the world's biggest oil explorer lied to investors and the public for almost 40 years about the impact of climate change on profits, the person said.