Exxon Mobil prevailed Tuesday in a closely watched lawsuit over the costs of climate change, with a judge saying there was no proof the energy giant duped investors about the toll that regulations could take on its business.
James, however, said the case “laid out how Exxon made materially false, misleading, and confusing representations to the American people about the company’s response to climate change regulations.” The lawsuit accused Exxon Mobil of essentially keeping two sets of books — telling the public that it was fully taking into account the costs of potential future climate regulations in a warming world, while lowballing those costs behind the scenes as it made investment decisions and assessed the value of its oil and gas reserves.
Its executives and attorneys said the company applied the appropriate costs depending on the situation. But the attorney general's office said the two-part system added up to minimizing emissions price tags on some oil and gas development projects, making them look more financially attractive.
Good the climate change hysterical cult has been put in its place.
ExxonMobil*pays less than 0% net federal taxes. Forget regulation for now , how about paying forward with 15% tax for the troops that protect and fight wars. All so they* can be in the polluting energy business 15% should also go to R&D clean energy sources
Fuck.
This should be the news of the day.. Thanks America.. If we think, it can't go any lower... You will prove us wrong...
Be chillin '
They lied to share holders, that in and it’s self a crime!
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