HOME ABOUT US OUR SERVICES NEWS & EVENTS CONTACT HomeAll postsGlobal NewsNew York won’t appeal its defeat in Exxon... NEW YORK WON’T APPEAL ITS DEFEAT IN EXXON CLIMATE TRIAL January 2, 2020 by Bidco Shoretanks B.V 283 NEW YORK (Bloomberg) – New York said it won’t appeal a ruling by a judge who last month rejected the state’s claim that Exxon Mobil Corp. misled investors for years about the energy company’s internal planning for risks linked to climate change. New York Attorney General Letitia James, a Democrat who took office after the suit was filed, announced the decision Friday without giving a reason. James hailed the trial in state court as “the first time in history” Exxon was forced to answer publicly for misleading the public about climate change. “As we have done for the last year, my office will continue to fight to ensure companies are held responsible for actions that undermine and jeopardize the financial health and safety of Americans across our country,” James said in a statement. Exxon has never taken the economic impact of climate change on its business seriously, “and that truth was laid bare at trial,” she said. James’s defiance belies the decision by New York Supreme Court Justice Barry Ostrager, who rejected all the state’s claims. In its securities fraud suit, filed in October 2018, New York accused Exxon of lying to shareholders about its use of a “proxy cost” for carbon in its internal accounting to prepare for future climate change regulations. That alleged lie suggested to the public that Exxon was being more prudent about climate risks than it really was, the state said. The attorney general’s office “failed to prove, by a preponderance of the evidence, that Exxon Mobil made any material misstatements or omissions about its practices and procedures that misled any reasonable investor,” Ostrager wrote in a 55-page ruling. Tags: mobil, new york, oil Category: Global News ABOUT BIDCO SHORETANKS B.V RELATED POSTS Bidco shoretanks B.V 16 Hoxton Square Shoreditch, London, N1 6NT, United Kingdom. Rotterdam office number : +31 63525 9108 United Kingdom office number : +44 7723 58128 tel.: +44 02035409586 e-mail: info@shoretanks.com CONTACT INFO Bidco shoretanks B.V 16 Hoxton Square Shoreditch, London, N1 6NT, United Kingdom. Hoefsmidstraat 40 Rotterdam Netherlands Rotterdam office number : +31 635 25 0448 United Kingdom office number : +447427224791 e-mail: info@shoretanks.com RECENT NEWS New York won’t appeal its defeat in Exxon climate trial January 2, 2020by Bidco Shoretanks B.V Despite Trump’s claim, the U.S. still needs some Middle East oil January 2, 2020by Bidco Shoretanks B.V Equinor to extend Statfjord field life with 100 new wells December 11, 2019by Bidco Shoretanks B.V SERVICES Transportation Tank Storage International Freight Air Freight Rail Freight BIDCO SHORETANKS B.V © 2021 All Rights Reserved.