FORT WORTH, T.X. – On Monday, Exxon Mobil Corp. asked a U.S. federal court to throw out a subpoena from New York State that would force the oil company to hand over documents going back decades as part of a wide-ranging inquiry into whether it misled investors about climate change risks.
According to an article by Reuters, the filing means that Exxon has now asked the U.S. District Court in Texas for injunctions against two major climate-related subpoenas: the one that was issued by the State of New York, and another from the Commonwealth of Massachusetts that the company challenged in June.
While Exxon has acknowledged the risks of climate change for more than a decade, the company has criticized the prosecutors’ inquiries as politically motivated.
In March, a group of State Attorney Generals, led by New York’s, said that they would go after the world’s largest publicly traded oil company for allegedly violating securities laws by soft-pedaling the dangers of climate change and efforts to fight it.
Judge Ed Kinkeade has yet to rule on Exxon’s requests in the high-profile case.
Some legal experts have said that, regardless of Exxon’s past comments on climate change, it could not have violated securities laws because investors gather their information from a variety of entities with disparate views.
Story courtesy Thomson Reuters/CBC News: http://www.cbc.ca/news/business/exxon-new-york-climate-change-1.3808564.