Exxon Sued by NY for Deceiving Investors

The transcript discusses allegations against Exxon Mobil for misleading investors about the impact of climate change on its business. The charges, filed under New York's Martin Act, suggest securities fraud, with Exxon allegedly maintaining two sets of books for carbon pricing. The company denies these claims. The discussion highlights the growing trend of using judicial means to address climate issues due to political frustrations, drawing parallels with past social issues. Previous similar lawsuits have been dismissed, but this case is unique due to its focus on securities fraud.

What allegations were made against Exxon Mobil regarding their communication with investors?

How did Exxon Mobil reportedly manipulate their carbon pricing for public and internal purposes?

What has been the response of Exxon Mobil to the allegations made by New York State?

What factors have contributed to the increase in lawsuits related to climate change in recent years?

Why have previous lawsuits by cities like New York City and San Francisco been dismissed by judges?