ExxonMobil Wins Landmark N.Y. Climate Fraud Case
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From the Left
New York Lost A Landmark Climate Fraud Case Against Exxon
A New York judge ruled Tuesday that ExxonMobil did not make misleading statements in public disclosures about the company’s climate change risks, delivering a major win to the oil giant in the highly anticipated climate fraud case.
New York Supreme Court Judge Barry Ostrager found that the New York attorney general “failed to establish by a preponderance of the evidence” that the oil giant violated the law “in connection with its public disclosures concerning how ExxonMobil accounted for past, present, and future climate change risks,” according to his decision.
The...
From the Left
Exxon Wins New York Climate Change Fraud Case
A judge has handed Exxon Mobil a victory in only the second climate change lawsuit to reach trial in the United States. The decision was a blow for the New York Attorney General's Office, which brought the case.
Justice Barry Ostrager of the New York State Supreme Court said that the attorney general failed to prove that the oil giant broke the law.
"Nothing in this opinion is intended to absolve ExxonMobil from responsibility for contributing to climate change through the emission of greenhouse gasses in the production of its...
From the Right
Exxon wins first-of-its-kind climate change case against New York
ExxonMobil won a first-of-its-kind climate change fraud trial on Tuesday as a judge rejected the state of New York's claim that the oil and gas giant misled investors in accounting for the financial risks of global warming.
New York Supreme Court Justice Barry Ostrager said the state failed to prove that Exxon violated the Martin Act, a broad state law that does not require proof of intent of shareholder fraud.
“The office of the Attorney General failed to prove, by a preponderance of the evidence, that ExxonMobil made any material...
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