Trading Ideas

EXXON MOBIL INVESTIGATED IN NEW YORK

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Exxon Mobil Corporation (NYSE:XOM) lied to investors and the general public about the risks of climate change by 2014, and the New York Attorney General is investigating.

The New York Times citing people familiar with the investigation said that the state Attorney General Eric Schneiderman, asked Exxon Mobil financial records and emails.

The investigation covers nearly 40 years of activities of Exxon Mobil, since the seventies, long before Exxon and Mobil in 1999 formed a single corporation under the current name, which became the main US oil company.

The newspaper says that the focus of the investigation is to check whether the oil known that the use of fossil fuels adds a risk to the weather. Also researches claims that if investors were aware of the potential financial risks that accompany the limitation of fossil fuels.

The vice president of public affairs for Exxon Mobil, Kenneth Cohen, confirmed that it has received the subpoena and said the oil company is preparing to respond.
“We unequivocally reject the accusations about Exxon Mobil has suppressed research on climate change,” Cohen told.

Read more:

http://ir.exxonmobil.com/phoenix.zhtml?c=115024&p=irol-irhome

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9 responses

  1. honeill14

    It could have found some resistance.

    November 12, 2015 at 10:22 am

  2. Well done with your post.

    November 12, 2015 at 2:17 pm

  3. Rozen Trading

    Good post.

    November 12, 2015 at 2:29 pm

  4. It seems to be in a freefall state.

    November 12, 2015 at 5:15 pm

  5. Very useful information! Thanks.

    November 12, 2015 at 5:21 pm

  6. That’s good to know, thanks for sharing!

    November 12, 2015 at 7:58 pm

  7. Good reporting, excellent.

    November 12, 2015 at 8:13 pm

  8. Great analysis, thank you.

    November 13, 2015 at 7:31 pm

  9. Great assessment.

    November 15, 2015 at 4:45 pm

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