Did Calif. Municipalities Suing Energy Companies Over Climate Commit Securities Fraud? – EID Climate – A Project of IPAA

Cities and counties who are suing energy companies for the risks posed by climate change may have downplayed those risks themselves, according to a petition filed yesterday in a Texas District Court, raising the prospect of potential securities fraud. The Wall Street Journal reports that ExxonMobil petitioned the court yesterday to allow it to depose and obtain…

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