Exxon Mobil Sued By State Of New York

Chris Sommer
October 24, 2018 - 4:44 pm
Pumping Water Instead of Gas

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IRVING (KRLD) - Irving-based Exxon Mobil says a lawsuit filed by the state of New York is "baseless and meritless." 

New York Attorney General Barbara Underwood says the oil giant misled investors about the risks climate change poses to its operations.  She also says Exxon Mobil courted investors - including her state's public pension funds - with inaccurate information. 

Company spokesman Scott Silvestri says the allegations are a product of political opportunism and closed-door lobbying by special interests.  He says Exxon Mobil looks forward to refuting the claims and getting the suit thrown out.

Earlier this year, the Securities and Exchange Commission dropped an investigation into the Texas energy giant along the same lines.​