Daily Management Review

Exxon Mobil Issued Subpoena over Climate Statements by New York Attorney General


11/06/2015




Exxon Mobil Issued Subpoena over Climate Statements by New York Attorney General
Acting on allegations that Exxon Mobil had lied to the public about the risks of climate change or to investors about how such risks might hurt the oil business, the New York attorney general has begun an investigation of the company activities.
 
A subpoena was issued to Exxon Mobil, demanding extensive financial records, emails and other documents, by Attorney General Eric T. Schneiderman, said sources with knowledge of the investigation.
 
The investigations would focus on whether the company that had briefed the investors through statements about climate risks were in line with the company’s own long-running scientific research.
 
The investigations were likely to include statements issued by the company within the last decade when Exxon Mobil funded outside groups that sought to undermine climate science, even as its in-house scientists were outlining the potential consequences — and uncertainties — to company executives.