oil giant misled investors by canada goose outlet store

NY prosecutor says Exxon’s climate change math ‘may be a sham’

NEW YORK, June 2 (Reuters) New York top prosecutor on Friday increased pressure on Exxon canada goose clearance Mobil to turn canada goose replica over records of internal assessments of the risks global warming poses to its businesses, claiming to already have canada goose black friday sale evidence of materially false and misleading buy canada goose jacket cheap statements by Exxon, court filings show. oil giant misled investors by canada goose outlet store locations publicly stating that it thought the risks of climate change https://www.topcanadagoose.ca were low while privately admitting they were far higher.

In a filing on canada goose coats Friday, Schneiderman focused Canada Goose Outlet on the method Exxon used to give its investors estimates of the regulatory cost of greenhouse gas emissions on new canada goose store projects. The company frequently showed investors a number it called a cost for greenhouse gasses as a way to assure them it was accounting for potential changes to government policy that would make producing and burning fossil fuels more canadian goose jacket expensive.

exercise canada goose clearance sale described to investors may be a sham, Schneiderman wrote in the court filing.

A spokesman for Exxon did not immediately respond to a request for canada goose comment.

Exxon has been fighting Schneiderman requests for information about its climate change policies in both state and Canada Goose Coats On Sale federal court, claiming it should not have to turn over records because the New Canada Goose Jackets York prosecutor probe is politically motivated cheap Canada Goose and abusive to the company.

Massachusetts Attorney General Maura Healey is canada goose deals also investigating the company. Both probes are modeled after 2018 canada goose outlet earlier investigations of tobacco companies, which read more here were shown to admit in great detail internally that smoking was bad for human health while publicly maintaining it was not.

Friday filing revealed that Exxon may have actually low balled the cost of carbon emissions regulations in its internal calculations compared with what it told investors.

own documents suggest that if Exxon had applied the proxy cost it promised to shareholders, at least Canada Goose online one substantial oil sands project may have projected a financial loss, rather Canada Goose Online than a profit, over the course of the project buy canada goose jacket original timeline, Schneiderman wrote.

On May 23, a New York State appeals court ruled Exxon should turn over records Schneiderman was requesting, which it had been arguing it should not be compelled to release.

Friday filing included a request for even more internal documents, as well the Canada Goose Parka ability Canada Goose sale to interview Exxon canada goose coats on sale employees who might know canada goose outlet toronto factory about Exxon internal climate change discussions. (Reporting By Emily Flitter; Editing by Nick Zieminski).