Politics
New York Won’t Appeal Its Defeat in Exxon Climate Trial
- State AG James announces decision without giving a reason
- NY had accused oil giant of lying to shareholders about carbon
A gas flare is seen at an oil well site on July 26, 2013 outside Williston, North Dakota.
Photographer: Andrew Burton/Getty Images North America
This article is for subscribers only.
New York won’t appeal a ruling by a judge who rejected the state’s claim that Exxon Mobil Corp. misled investors for years about the oil giant’s internal planning for risks associated with climate change.
New York Attorney General Letitia James, a Democrat who took office after the suit was filed, announced the decision late Friday without giving a reason. James nevertheless hailed the trial in state court as a landmark -- “the first time in history” Exxon was forced to answer publicly for its messaging around climate change.