Exxon Defeats NY Fraud Claims In Landmark Climate Trial

By Keith Goldberg (December 10, 2019, 10:12 AM EST) -- A New York state court judge on Tuesday cleared Exxon Mobil Corp. of accusations it deceived investors about climate change-related risks to its business, ruling that the New York attorney general hadn't provided enough evidence to support its blockbuster claims.

Exxon Mobil on Tuesday was cleared of accusations it deceived its investors, in the first trial to directly address climate change risks faced by U.S. fossil fuel companies. (AP) Justice Barry Ostrager said in a 55-page decision that the attorney general failed to prove that Exxon made any material misstatements or omissions about its practices that misled any reasonable investor. That's...

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