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A judge in New York's Supreme Court sided with Exxon in a case that accused the fossil fuel giant of lying to investors about the true cost of the climate crisis. The judge did not absolve Exxon from its contribution to the climate crisis, but insisted that New York State failed to prove that the company intentionally defrauded investors, as NPR reported.
Polling Experts Bash Koch-Funded Electric Car Survey as 'Highly Biased' and 'Highly Misleading'
By Dana Drugmand
Fossil fuel interests appear intent on swaying public opinion about the electric vehicle tax credit, based on recent polling on the policy. A deeper look at these efforts reveals oil and gas funding behind the groups conducting the polls and blatant bias in the polling methodology, according to experts.
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The case New York State has brought against ExxonMobil for defrauding investors about the the true cost of the climate crisis is in its second week and is seeing a star witness take the stand Wednesday.
The country's largest fossil fuel company goes on trial today to face charges that it lied to investors about the safety of its assets in the face of the climate crisis and potential legislation to fight it, as the AP reported.
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Scientists Show How Fossil Fuel Industry Deceived the Public About the Climate Crisis
An international group of scientists released a report today detailing how the fossil fuel industry actively campaigned to sow doubt about the climate crisis and what steps need to be taken to undo the damage, as the Los Angeles Times reported.
$20 Billion Fund in Denmark Divests From 10 Major Oil Companies, Citing 'Poor Returns'
A Danish pension fund has said it would sell its stake in major oil companies as their business models are incompatible with the goals set out in the Paris climate agreement.
By Jessica Corbett
New York state prosecutors last week accused ExxonMobil of trying to discourage witnesses from testifying against the company in a climate fraud case, leading the head of the environmental group 350.org to declare Thursday that "we won't be intimidated."
By Andy Rowell
Earlier this month, we collectively walked into the unknown.
We are all now a living experiment. Never before in human history have carbon dioxide levels reached 415 parts per million.
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Activists representing more than 350 environmental, civic, and college student organizations in Downtown Manhattan in February 2017.
Pacific Press / Contributor / LightRocket / Getty Images
Massachusetts' Democratic Attorney General Maura Healey declared "victory" on Monday after the U.S. Supreme Court rejected ExxonMobil's attempt to derail her office's probe into whether the fossil fuel giant misled investors and the public about its knowledge of climate change.
The justices declined to hear Exxon's appeal of an April ruling by Massachusetts' highest court, Reuters reported.
The world's largest oil company is being pressured by major shareholders to take action on climate change.
Institutional investors with an estimated $1.9 trillion under management, led by the New York State Common Retirement Fund (NYSCRF) and the Church Commissioners of England (CCE), filed a shareholder resolution calling on ExxonMobil to set targets for lowering its greenhouse gas emissions, covering emissions from both its operations and the use of its products.
By Dana Drugmand
Koch Industries is calling for the elimination of tax credits for electric vehicles (EVs), all while claiming that it does not oppose plug-in cars and inviting the elimination of oil and gas subsidies that the petroleum conglomerate and its industry peers receive.
Outgoing Nevada Republican Senator Dean Heller introduced a bill in September that would lift the sales cap on electric vehicles eligible for a federal tax credit, and replace the cap with a deadline that would dictate when the credit would start being phased out.