Climate Changed

Schneiderman Says Exxon’s Climate Change Proxy Costs May Be a ‘Sham’

  • Exxon won’t allow Imperial Oil employee to testify, N.Y. says
  • Company has said Schneiderman probe is in ‘bad faith’

The Coming Storm of Climate Change

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New York’s top cop told a judge that an investigation into Exxon Mobil Corp.’s public statements about climate change uncovered "significant evidence" the oil giant may have misled investors.

In a court filing Friday, New York Attorney General Eric Schneiderman provided detailed findings from the fraud probe for the first time, saying Exxon may have been using two sets of numbers -- one public and one secret -- to calculate the future impact of the Earth’s warming on its assets.