BTW, I’m a securities lawyer. This is total BS.
- The actual issue would be whether Exxon misled investors during the 1980s and 1990s until it started mentioning global warming in its filings circa 2001.
- But there is no evidence that, to date, global warming has harmed Exxon’s business (or shareholders).
- Exxon has been “disclosing” the risk of global warming since 2001. So no wrongdoing.
Case closed. This investigation is pure political persecution.
Read the International Business Times report.