EXXON MOBIL INVESTIGATED IN NEW YORK
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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