ExxonMobil Found Not Guilty In New York Climate Change Fraud Case

The New York Attorney General filed a lawsuit against Exxon Mobil, alleging it misled investors about the impact of climate change regulations by using different calculations for internal and external purposes. The lawsuit claimed this deception cost shareholders up to $1.6 billion. Exxon defended itself, stating that internal estimates served different purposes and did not affect financial statements. The judge ruled in favor of Exxon, stating the Attorney General failed to prove any material misstatements. Both Exxon and the Attorney General released statements post-verdict, with Exxon affirming its transparency and commitment to reducing emissions, while the Attorney General vowed to continue holding companies accountable.

What was the main accusation against Exxon Mobil in the lawsuit filed by the New York Attorney General's Office?

• Exxon Mobil violated labor laws.

• Exxon Mobil was involved in a bribery scandal.

• Exxon Mobil misled investors about climate change impacts.

• Exxon Mobil failed to pay taxes.

How did Exxon Mobil respond to the allegations regarding their internal estimates?

• They blamed a third-party consultant.

• They refused to comment.

• They admitted to the allegations.

• They claimed the estimates were irrelevant to financial statements.

What was the judge's decision regarding the lawsuit against Exxon Mobil?

• The judge sided with Exxon Mobil, finding no material misstatements.

• The judge dismissed the case due to lack of evidence.

• The judge ruled against Exxon Mobil.

• The judge ordered Exxon Mobil to pay a fine.

What did Exxon Mobil emphasize in their statement after the court ruling?

• Their decision to stop investing in new technologies.

• Their intention to relocate headquarters.

• Their plan to cut jobs.

• Their commitment to reducing emissions and meeting energy demands.

What was the New York Attorney General's stance after the court's decision?

• They announced a partnership with Exxon Mobil.

• They decided to drop all charges.

• They vowed to continue fighting for corporate accountability.

• They agreed with the court's decision.