Quantcast
Environmental News for a Healthier Planet and Life

Help Support EcoWatch

NY AG: Exxon Misled Investors on Cost of Climate Regs

Popular
NY AG: Exxon Misled Investors on Cost of Climate Regs

By Jamie Henn

New documents from the New York State Attorney General show that while now Sec. of State Rex Tillerson was CEO of ExxonMobil, the company actively misled shareholders about climate risk and deleted "untold numbers" of documents related to climate change, including many of Tillerson's own personal emails he sent under his "Wayne Tracker" alias.


The new revelations were a "bombshell" and highlighted the need for more Attorneys General to get involved in the case, especially California AG Xavier Becerra, whose office could bring serious resources to the effort.

He also said that the case also called into question Tillerson's leadership at the State Department, especially in regards to climate and energy policy.

These new revelations are another bombshell in the ever growing scandal over at ExxonMobil. If these allegations are true, and there's every reason to believe they are, this is the largest case of corporate fraud in history. Exxon knew about climate change decades ago, but instead of taking action, they lied to the public, lied to their shareholders and lied to federal regulators.

Because of Exxon's decades of lies and bankrolling of climate denying politicians, the U.S. is now a pariah nation on climate change, having dropped the Paris climate agreement and gutting our nation's environmental protections. Exxon's last minute rhetoric about staying in Paris is nothing more than a cynical effort to cover up their decades of deception and a bid to profit from a weakened deal.

We need more Attorneys General, especially the well-resourced office of the California AG, to get involved in this case and help hold Exxon accountable. The public deserves the truth about what Exxon Knew and compensation for the damage this company has caused by blocking solutions to the climate crisis.

Tillerson should step down from his role at the State Department. We can't have a Secretary of State who knowingly lied to the American people about the most important challenge facing our country, the climate crisis. Sadly, corporate frauds seem to be a staple of this administration, starting with the man at the top.

We applaud Attorney General Schneiderman for his leadership in this case. With Trump pulling out of Paris, we need more public officials who are willing to stand up to Big Oil and fight for climate solutions. Our future depends on it.

The Metronome, a famous art installation in Union Square that used to display the time of day, has been repurposed into a "Climate Clock" for Climate Week NYC. Zack Winestine

By Jessica Corbett

This story was originally published on Common Dreams on September 19, 2020.

Some advocates kicked off next week's Climate Week NYC early Saturday by repurposing the Metronome, a famous art installation in Union Square that used to display the time of day, as a massive "Climate Clock" in an effort to pressure governments worldwide to take swift, bold action to reduce greenhouse gas emissions and rein in human-caused global heating.

Read More Show Less

EcoWatch Daily Newsletter

Ruth Bader Ginsburg speaks onstage at the event Fourth Annual Berggruen Prize Gala Celebrates 2019 Laureate Supreme Court Justice Ruth Bader Ginsburg in New York City on Dec. 16, 2019. Ilya S. Savenok / Getty Images for Berggruen Institute

The passing of U.S. Supreme Court Justice Ruth Bader Ginsburg means the nation's highest court has lost a staunch advocate for women's rights and civil rights. Ginsburg was a tireless worker, who continued to serve on the bench through multiple bouts of cancer. She also leaves behind a complicated environmental legacy, as Environment and Energy News (E&E News) reported.

Read More Show Less

Trending

Project goal: To create an environmentally friendly and sustainable alternative to leather, in this case using fungi.

Read More Show Less
Plastic waste is bulldozed at a landfill. Needpix

The plastic recycling model was never economically viable, but oil and gas companies still touted it as a magic solution to waste, selling the American public a lie so the companies could keep pushing new plastic.

Read More Show Less
54% of parents with school-age children expressed concern that their children could fall behind academically, according to a poll conducted over the summer of 2020. Maria Symchych-Navrotska / Getty Images

By Pamela Davis-Kean

With in-person instruction becoming the exception rather than the norm, 54% of parents with school-age children expressed concern that their children could fall behind academically, according to a poll conducted over the summer of 2020. Initial projections from the Northwest Evaluation Association, which conducts research and creates commonly used standardized tests, suggest that these fears are well-grounded, especially for children from low-income families.

Read More Show Less

Support Ecowatch