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New York accused Exxon of misleading investors into believing that the company included the risk of increased regulation of climate change in planning its operations.
"Exxon created a façade to deceive investors into believing that the company was managing the risks of future climate change regulation for its business when in fact it was intentionally and systematically underestimating or ignoring them. contrary to his public statements "office said in a statement.
The lawsuit also claims that Exxon Mobil 's former chief executive, Rex Tillerson, who briefly held the position of state secretary to President Trump, was aware of the fraud.
"Exxon's management, including former President and CEO, Rex W. Tillerson, had known for years that the company was moving away from its public performances," said the office. of the Attorney General in a statement.
Exxon Mobil responded to the complaint by calling the "tainted" Attorney General's investigation.
"These unfounded allegations are the product of in camera lobbying by special interests, political expediency and the inability of the Attorney General to admit that a three-year investigation "has revealed no wrongdoing," said Exxon Mobil in its statement. "The company is eager to refute these claims as soon as possible and to obtain the rejection of this unfounded civil suit."
Bill McKibben, a leading environmental activist and co-founder of 359.org, a climate change advocacy group, issued a statement in support of the complaint.
"Big Oil could finally face some consequences for its role in climate destruction," McKibben said. "The New York Attorney General defends investors who may have been scammed, and indirectly the 7 billion of us who will suffer from Exxon 's lies".
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