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 were the two different sets of calculations used by Exxon according to the lawsuit?

What was the total amount of money that shareholders allegedly lost due to Exxon's actions?

What was the judge's ruling regarding the Attorney General's claims against Exxon?

How did Exxon Mobil respond to the allegations made by the New York Attorney General's Office?

What does New York Attorney General Letitia James claim about Exxon's representations to the public?