Tag: Exxon Mobil Corp

New York Loses Climate Change Fraud Case Against Exxon Mobil

A New York state judge has handed Exxon Mobil an important victory in the civil case brought by the state’s attorney general that argued that the company had engaged in fraud through its statements about how it accounted for the costs of climate change regulation. After some four years of investigation and millions of pages […]

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Rex Tillerson to Take the Stand in Exxon Climate Change Case

The shareholder fraud lawsuit brought by the New York attorney general against Exxon Mobil has entered its second week, and on Wednesday a star witness is scheduled to take the stand: Rex Tillerson, the company’s former chief executive and a former secretary of state in the Trump administration. Oddly enough, some of the questions he […]

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Decades-Old Government Loophole Gives Oil Companies an $18 Billion Windfall

The United States government has lost billions of dollars of oil and gas revenue to fossil-fuel companies because of a loophole in a decades-old law, a federal watchdog agency said Thursday, offering the first detailed accounting of the consequences of a misstep by lawmakers that is expected to continue costing taxpayers for decades to come. […]

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Fossil Fuels on Trial: New York’s Lawsuit Against Exxon Begins

After four years of legal sparring and finger-pointing, oil-industry giant Exxon Mobil will go to court on Tuesday to face charges that the company lied to shareholders and to the public about the costs and consequences of climate change. The case turns on the claim that Exxon kept a secret set of financial books that […]

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Did Exxon Deceive Its Investors on Climate Change?

The New York attorney general’s office will take its case against Exxon Mobil to trial on Tuesday, arguing that one of the world’s largest oil and gas companies misled its shareholders and the public by misrepresenting the risks that climate change poses to the value of its oil and gas assets. The lawsuit is one […]

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Despite Their Promises, Giant Energy Companies Burn Away Vast Amounts of Natural Gas

Want climate news in your inbox? Sign up here for Climate Fwd:, our email newsletter. When leaders from Exxon Mobil and BP gathered last month with other fossil-fuel executives to declare they were serious about climate change, they cited progress in curbing an energy-wasting practice called flaring — the intentional burning of natural gas as […]

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Oil Giants, Under Fire From Climate Activists and Investors, Mount a Defense

From the deck of a boat in New York harbor, the chief executive of Equinor squinted toward a stretch of sea where his oil company will soon build a giant wind farm. “We are doing all we can” to fight climate change, said the executive, Eldar Saetre. Hours later, at a hotel where Mr. Saetre […]

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A Windswept Plain, a Sea of Oil and a Mountain of Money

TENGIZ OIL FIELD, Kazakhstan — In a windswept land of salt flats and wild horses, investors are pouring money into one of the largest and most lucrative oil fields outside the Middle East. Oil has been pumped from this remote plain since the early 1990s at a pace that would have depleted other fields by […]

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