On Thursday, New York Attorney General Eric Schneiderman announced the state has officially opened an investigation looking into whether ExxonMobil deliberately covered up research into the dangers of climate change.
OK. #ExxonKnew just got really grownup really fast. New York AG has issued subpoenas. https://t.co/O17NptusNJ
— Bill McKibben (@billmckibben) November 5, 2015
From the New York Times:
The focus includes the company’s activities dating to the late 1970s, including a period of at least a decade when Exxon Mobil funded groups that sought to undermine climate science. A major focus of the investigation is whether the company adequately warned investors about potential financial risks stemming from society’s need to limit fossil-fuel use…”We unequivocally reject the allegations that Exxon Mobil has suppressed climate-change research,” [Exxon vice president Kenneth P.] Cohen said, adding that the company had funded mainstream climate science since the 1970s, had published dozens of scientific papers on the topic, and had disclosed climate risks to investors.
The announcement comes on the heels of calls from Democratic presidential candidates, including Bernie Sanders and Hillary Clinton, for the US Justice Department to open a similar investigation.
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