NY-AG v. Exxon Mobil Corporation

Exxon Mobil Corporation allegedly misled investors regarding the risk that climate change regulations posed to its business. According to NY-AG, Exxon for years assured investors that it was accounting for the likelihood of increasingly stringent regulation of greenhouse gas emissions by rigorously and consistently applying an escalating cost of those emissions to its business planning but did much less than it claimed, deceiving investors as to the company’s true financial exposure.

Summary generated from official New York Attorney General press release