ExxonMobil cleared of climate-accounting fraud

The US oil and gas supermajor is vindicated of charges for defrauding investors via creative climate accounting.


New York State's Supreme Court has exonerated ExxonMobil of all charges in a fraud case involving obscuring added costs associated to future climate regulation, reports The Wall Street Journal.

New York’s attorney general accused Exxon for having used two different accounting techniques – one internal and one public – to calculate future costs in countries expected to implement new climate policies.

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