Exxon Mobil Probed Over Climate Change Claims
Were they in denial? Execs from the multinational oil and gas corporation are being told to cough up decades’ worth of documents by New York’s attorney general, who is investigating whether they lied about the effect of climate change on the oil industry. The company strongly denies that it misled investors by suppressing findings about how global warming could affect earnings. But the probe seeks to establish whether Exxon Mobil — which just beat third-quarter forecasts — adequately disclosed the risks related to the push to limit fossil fuel consumption.