NY's Exxon Suit Brings Wall Street Into Climate Change Fight
Law360 (October 29, 2018, 7:31 PM EDT) -- New York Attorney General Barbara Underwood's lawsuit alleging ExxonMobil understated the business risks posed by climate change could prompt investors to move their money elsewhere and serve as an economic incentive for companies to change their strategies to account for climate change and its costs, experts say.
Exxon allegedly based business decisions on a lower estimated cost of complying with environmental regulations than the figure it provided investors, downplaying the need to write off oil and gas assets, Underwood said. The state's claims could prompt shareholders concerned about the financial or social costs of climate change to reevaluate their investments, said...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!