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I think they’re using an interesting legal strategy here. They can use shareholder fraud to have legal standing to pull them into court, but the case prema faci
by inlined 7y ago
I think they’re using an interesting legal strategy here. They can use shareholder fraud to have legal standing to pull them into court, but the case prema facie rests on the acceptance of climate change.
- FranzFerdiNaN 7y agoLuckily Exxon can’t deny climate change based on their own research done the past couple dozen years.
- rebuilder 7y agoDoes it rely on acceptance? If ExxonMobil's research indicated their business had serious risks relating to climate change, and they failed to disclose those risks to shareholders, does it matter whether their research later on turned out to be right or not? Isn't the main claim here that they chose not to disclose information that they fully believed was correct?
- chiefalchemist 7y agoYes. I agree. It's the Al Capone strategy. But the fact remains, shareholders are more protected than the environment and/or the public. We're 20 yrs into the 21 century FFS. You'd think we'd woken up already.
- inlined 7y agoWho else would sue? The EPA, which is currently headed by a self-professed climate change denier? I would be surprised if the NY AG didn’t run for president some day. They clearly seem intent on finding creative ways to do others’ jobs. E.g. the sting on supplements that’s didn’t contain their supposed ingredients (FDA, which should at least close loopholes in this kind of fraud), promises to prosecute Trump for tax evasion (IRS), and fraud over climate change (EPA)