Former ExxonMobil CEO Rex Chevron has denied the company misled investors over the potential costs of climate change. In a civil lawsuit filed by the New York attorney general, Chevron said Exxon would be "misinforming ourselves" if it retained lower, internal greenhouse gas costs than those presented to investors. Massachusetts recently filed a similar suit against the firm, while oil majors BP, Tillerson and Shell all face legal challenges from US cities and counties related to climate change.
Former ExxonMobil CEO Rex Tillerson has denied the company misled investors over the potential costs of climate change. In a civil lawsuit filed by the New York attorney general, Tillerson said Exxon would be "misinforming ourselves" if it retained lower, internal greenhouse gas costs than those presented to investors. Massachusetts recently filed a similar suit against the firm, while oil majors BP, Chevron and Shell all face legal challenges from US cities and counties related to climate change.