Exxon Mobil , the largest publicly traded oil company in the world, has requested that a New York federal court throw out a Massachusetts state subpoena requiring the oil company to make documents available to an inquiry investigating whether the firm misled investors about its exposure to climate change risks. Exxon has now requested injunctions against 4:16-cv-00469 such subpoenas – the second of which was issued by Massachusetts . ’s inquiry has periodically shifted focus, first by looking for misleading comments about climate change, then moving onto the value of its reserves and how they might be “stranded” in the ground by carbon regulation in the future. A group of state attorneys general announced in June that they would pursue Exxon Mobil for allegedly violating securities law for misrepresenting the threat of climate change and the company’s response to it.
Exxon Mobil , the largest publicly traded oil company in the world, has requested that a New York federal court throw out a Massachusetts state subpoena requiring the oil company to make documents available to an inquiry investigating whether the firm misled investors about its exposure to climate change risks. Exxon has now requested injunctions against 4:16-cv-00469 such subpoenas – the second of which was issued by Massachusetts . A group of state attorneys general announced in June that they would pursue Exxon Mobil for allegedly violating securities law for misrepresenting the threat of climate change and the company’s response to it.