A two-year investigation by the Securities and Exchange Commission into Exxon Mobil, relating to the company’s reserves and climate-change disclosures to investors following concerns about carbon emissions curbs and low oil prices, has ended with the recommendation that no action is taken against the firm. The SEC said in a statement on Friday it had found “no evidence of fraud or misconduct” at Exxon, which was accused last year of misleading shareholders over its climate research after internal documents showed
A two-year investigation by the Securities and Exchange Commission into Exxon Mobil, relating to the company’s reserves and climate-change disclosures to investors following concerns about carbon emissions curbs and low oil prices, has ended with the recommendation that no action is taken against the firm. Exxon, the world’s largest publicly traded oil company, is also currently under investigation by the Attorneys General of Massachusetts and New York in relation to its disclosures to the public, and investors, over the impact of climate change.