Exxon Mobil has been under close scrutiny by the New York Attorney General over its misleading pronouncements about climate change.
The New York Attorney General has started what is an investigation into misleading statements by Exxon Mobil. The big firm is said to have bamboozled its shareholders and the masses into believing that climate change was a fraud.
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Among the paraphernalia being studied may be included emails, money deals and an assortment of documents. Exxon meanwhile remains undecided on how to give an honest response to the issue at hand. The company did imply some of the risks to business due to climate change so it is not entirely guilty.
This analysis of statements by big oil companies may extend to other similar corporations with the passage of time. Although no such steps have been taken so far, what lies in the future is anyone’s lucky guess.
The New York Attorney General began to probe the Exxon Mobil case in 2014 and he went into the roots of the matter. Even records of the company dating back some 45 odd years were perused for any inconsistencies.
The scientists and researchers on the company’s payroll themselves pointed out the role of pollution in climate change. But the top execs decided to turn a deaf ear to this main message.
One of the head honchos at Exxon has said that environmentalists are responsible for this blame game. They are just getting back at Exxon due to their own deficiencies and some of the facts they claim with such intrepid consistency are not so sacrosanct that they are set in stone.
Exxon, said the big kahuna, had always been transparent about its findings. Never had any hanky-panky taken place in reporting the facts as they were and without any distortion.
Since six years back, the company had also been trying to reduce emissions via the imposition of a carbon tax. Another company that has come under observation is the Peabody Energy Corporation.
It has been two years since its workings have been investigated and no charges have been brought against it so far. For the past half a decade or so, the justice system has laid down the law that all companies will have to disclose their research findings regarding climate change.
Extreme times call for extreme measures. A lawyer hired by Exxon has said that it is very sad that such fringe groups of extreme environmentalists could bring lawsuits against giant corporations based on the flimsiest of evidence.
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The New York Times first reported the news on Thursday.