Yuri Gripas / Reuters
The New York Attorney General has accused Secretary of State Rex Tillerson of misleading investors about the cost of climate change to Exxon Mobil and its investors while he was CEO of the multinational gas and oil corporation.
In state court filings Friday, Eric Schneiderman claims that Tillerson and Exxon employed a process for estimating the potential future costs of greenhouse gas emissions regulations on its business that were “a sham.”
According to the court documents, Schneiderman says documents recovered during its more than two year long investigation show that Exxon used "secret, internal figures" in its cost analysis that were lower than numbers publicly disclosed to investors from 2010 to 2014.
Moreover, he says in the filings that Tillerson was “specifically informed of, and approved of, this inconsistency.”
Exxon Mobil didn’t immediately respond to a request for comment for this story.
This new accusation comes as Schneiderman is seeking more internal documents from Exxon as part of its long investigation dating back to 2015 into the company’s practices concerning climate change.
This new accusation from Schneiderman’s office comes one day after President Trump announced his intentions to pull out of the Paris Accords. Tillerson was reportedly against the decision to pull out of the global climate change agreement. On Friday, however, he announced his support for Trump’s move as a “policy decision.”
from BuzzFeed - USNews http://ift.tt/2qICGZP
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