New York will not take Exxon climate risk ruling on appeal
Judge rejects state’s claim that oil company misled investors for years
New York — New York will not appeal against a ruling by a judge who rejected (https://www.bloomberg.com/news/articles/2019-12-10/exxon-prevails-over-n-y-in-climate-change-accounting-case) the state’s claim that ExxonMobil misled investors for years about the oil company’s internal planning for risks associated with climate change.
New York attorney-general Letitia James, a Democrat who took office after the suit was filed, announced the decision late on Friday without giving a reason. James nevertheless hailed the trial in state court as a landmark — “the first time in history” Exxon was forced to answer publicly for its messaging around climate change...
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