Under Tillerson, Exxon may have misled investors on climate change, NY claims

Rex Tillerson in 0 seconds

The office of fresh York Attorney General Eric Schneiderman says the idea has evidence of which ExxonMobil misled shareholders about how carbon regulations may impact the company’s business.

along with possibly even more damaging, the prosecutor says company document indicate of which ex-CEO Rex Tillerson, who will be right now Secretary of State, knew all about the idea.

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In documents filed in court Friday, investigators say they found “secret, internal figures” of which indicate the company purposefully understated the financial damage of which climate change regulations could have on its business, along with potentially did so as far back as 2007.

The filings also allege there will be evidence of which appears to confirm Tillerson knew about the deception, along with condoned the idea.

Exxon (XOM) staunchly denied the accusations. In a statement Friday, the company called Schneiderman’s claims “inaccurate along with irresponsible” along with insisted Exxon’s estimates have “accurately described” carbon costs to investors.

“The documents produced to the Attorney General make This particular fact unmistakably clear,” the statement reads. Exxon says the idea plans to “respond fully” in an upcoming court filing. The State Department declined comment along with referred questions to Exxon.

Tillerson has been a big part of Schneiderman’s probe into the oil along with gas company since the idea began in 2015. One of its bombshell revelations was of which Tillerson used a fake email under the name “Wayne Tracker,” to discuss climate change internally.

Related: Top CEOs tell the CEO president – You’re wrong on Paris

A fresh filing posted Friday suggests of which the fresh Exxon chief, Darren Woods, also has an alias corporate email account. He allegedly goes by the name of J.E. Gray. Exxon confirmed the account was set up for Woods, however the idea was intended to “manage a high volume of messages” along with has never been used.

The filing also claims of which Exxon has refused to hand over “untold numbers” of key documents to investigators, including emails via top executives.

Exxon has denied past accusations of which the idea hasn’t adequately complied with subpoenas, saying the idea’s forked over “millions” of pages of documents.

The company carries a complex history with climate change.

Exxon admitted publicly in 2007 of which climate change poses a risk. along with Exxon has publicly pressured Tillerson’s fresh boss, President Trump, to keep the U.S. within the Paris Climate Agreement, which seeks to implement stricter carbon regulations globally.

(Of course, of which wasn’t successful. Trump announced his decision to ditch the accord on Thursday.)

Related: Exxon loses key climate change battle

At its shareholder meeting Wednesday, Exxon insisted the idea’s “well positioned” to survive stricter carbon regulations.

Yet, Schneiderman alleges of which while Exxon has taken This particular stance publicly, the company has actively worked to deceive its investors on the issue.

Exxon shareholders have questions as well. In a rare defeat for a major company, over 63% of its shareholders called on Exxon Wednesday to Discharge more information about how carbon regulations will impact its business going forward — particularly how the idea would likely be “affected by worldwide efforts to adopt the goals of the Paris Agreement.”

Another mixed signal came via Tillerson Friday. Though he previously advised Trump not to withdraw, Tillerson defended Trump’s decision to ditch the Paris pact. He appeared to minimize the significance of pulling out of the accord, saying he believes the U.S. will keep reducing its emissions with or without the agreement.

sy88pgw (fresh York) First published June 2, 2017: 4:22 PM ET


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Under Tillerson, Exxon may have misled investors on climate change, NY claims

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