An interesting development According to the article:
An interesting development According to the article:
"...The suit alleges that for years the company has been misleading investors about the risks of climate change regulations on its business...
"They (Exxon-Mobil) seemed to be rigorously and consistently applying the escalating cost of emissions to its business planning, investment decisions, calculations of the amount and value of company reserves and resources, impairment assessments, and projections of future demand for oil and gas.
"However, the suit alleges that Exxon did not abide by these representations, but instead did much less than it claimed. These actions thereby deceived investors as to the company’s true financial exposure to regulations and policies adopted to mitigate the adverse effects of climate change."
#EnvironmentalPolitics
https://agreenerlifeagreenerworld.net/2018/11/14/new-york-launches-an-unprecedented-lawsuit-against-oil-major-exxon-mobil/
"...The suit alleges that for years the company has been misleading investors about the risks of climate change regulations on its business...
"They (Exxon-Mobil) seemed to be rigorously and consistently applying the escalating cost of emissions to its business planning, investment decisions, calculations of the amount and value of company reserves and resources, impairment assessments, and projections of future demand for oil and gas.
"However, the suit alleges that Exxon did not abide by these representations, but instead did much less than it claimed. These actions thereby deceived investors as to the company’s true financial exposure to regulations and policies adopted to mitigate the adverse effects of climate change."
#EnvironmentalPolitics
https://agreenerlifeagreenerworld.net/2018/11/14/new-york-launches-an-unprecedented-lawsuit-against-oil-major-exxon-mobil/
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