And the Mobil building is still today at a high vacancy rate.
Posted on 11/05/2015 12:10:39 PM PST by reaganaut1
The New York attorney general has begun a sweeping investigation of Exxon Mobil to determine whether the company lied to the public about the risks of climate change or to investors about how those risks might hurt the oil business.
According to people with knowledge of the investigation, Attorney General Eric T. Schneiderman issued a subpoena Wednesday evening to Exxon Mobil, demanding extensive financial records, emails and other documents.
The focus includes the company’s activities dating to the late 1970s, including a period of at least a decade when Exxon Mobil funded groups that sought to undermine climate science. A major focus of the investigation is whether the company adequately warned investors about potential financial risks stemming from society’s need to limit fossil-fuel use.
Kenneth P. Cohen, vice president for public affairs at Exxon Mobil, said on Thursday that the company had received the subpoena and was still deciding how to respond.
“We unequivocally reject the allegations that Exxon Mobil has suppressed climate-change research,†Mr. Cohen said, adding that the company had funded mainstream climate science since the 1970s, had published dozens of scientific papers on the topic, and had disclosed climate risks to investors.
The people with knowledge of the New York case also said on Thursday that, in a separate inquiry, Peabody Energy, the nation’s largest coal producer, had been under investigation by the attorney general for two years over whether it properly disclosed financial risks related to climate change. That investigation has not been previously reported, and has not resulted in any charges or other legal action against Peabody.
(Excerpt) Read more at nytimes.com ...
And the Mobil building is still today at a high vacancy rate.
Hillary had the feds after them (that story is on FR)
Now the Fair & Balanced media goes after them.
NY’s just looking for any way to get money for nothing.
New York needs to die a painful economic death.
Witch Hunt! <==Hillary
The City is dragging it down the sewer.
Exxon Mobil Investigated in New York Over Possible Lies on ClimateThe NYT never gets investigated over its possible (never mind probable and certain) lies, though.
“Exxon better push back hard.”
Push back hard? I thought that under the “Crony Capitalism” system, they must merely comply and pay. Isn’t that how it works now?
In case you were not aware, ExxonMobil has since moved its headquarters from Virginia to Texas. I think Exxon is doing a lease/sale deal with the new occupant.
That is a prime location. The Virginia campus must be worth a fortune.
Got to keep the loonies on the path
I would invoke the Clinton doctrine when subpoenaed for anything.
This climate change malarkey has gotten wayyyy out of hand.
THE DEMOCRATS DO THIS EVERYDAY!
Of course they have nothing better to do.
The fraudulent loophole the NY prosecutors are using is the requirement that public companies disclose all potential factors real or potential to investors.
These sleazy prosecutors attack Exxon because Exxon has a whole floor of lawyers just like the prosecutors do. This is in effect a jobs program for NY government attorneys and it has a progressive ring to it, hence why they are doing it.
Exxon’s lawyers should have no problem for building a defense and motioning that the case be dismissed on numerous grounds. But NY government courts are infested with people that relish the controversial. So we can assume the court will have fun with being in the news.
If the court doesn’t dismiss, Exxon may win on appeal.
Too much government. Rein it in, hard.
Yes, exactly- this move happened when Exxon bought Mobil in 1999.
I expect business will get tired of this shit and begin to let contracts to alien mafias for elimination of the prime movers
They didn’t predict that the mania would take over the world.
So this is how it’s gonna go.
Hmmm...this company has an awful lot of money. Money means power. They probably won’t go down easy. I’ll take Exxon Mobil over the government.
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