Monday, November 16, 2015

Exxon Mobil under climate related investigation

The New York attorney general’s office opened an investigation of Exxon Mobil  to determine whether the company lied to the public about the risks of climate change or to investors about how such risks might hurt the oil business. Many oil companies have funded lobbying efforts and research on climate change, and resisted pressure for years from environmental groups to warn investors of the risks that stricter limits on carbon emissions could have on their businesses.  
Besides Exxon, BP,  Shell Oil, Texaco (now part of Chevron) along with several manufacturing companies, were all members of the coalition that started an advertising campaign in the 1990s opposing U.S. government's' involvement in strong international efforts like the Kyoto Protocol initiative to reduce greenhouse gas emissions. Read more at http://www.nytimes.com/