The energy giant might be responsible for contributing to global warming, but it didn't break the law. That's how New York's Supreme Court ruled in the state's climate-related lawsuit against Exxon Mobil. "This is a securities fraud case, not a climate change case," wrote Justice Barry Ostrager. In the nation's second such trial, Empire State prosecutors argued that Exxon didn't fully inform investors of the risks associated with climate regulations.
Will this ruling set a precedent? While New York said it would continue to pursue such actions, the company said that would be a waste of tax dollars and would "do nothing" to fight climate change.
OZY profiles a Spanish minister combating climate change.