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  • Did Calif. Municipalities Suing Energy Companies Over Climate Commit Securities Fraud?

    03/25/2018 6:17:31 PM PDT · by ameribbean expat · 15 replies
    The Wall Street Journal reports that ExxonMobil petitioned the court yesterday to allow it to depose and obtain documents from public officials involved in the various climate change lawsuits recently brought by several California communities against the energy industry, as well as #ExxonKnew campaigner Matt Pawa, who is representing San Francisco and Oakland in their lawsuits. The legal filing accuses the communities of either exaggerating the risks of climate change in their lawsuits against energy companies or downplaying the risks of climate change when issuing municipal bonds to investors. Although the plaintiffs claimed in their lawsuits that climate change poses...