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ExxonMobil cleared of climate-accounting fraud

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

Photo: ERIC PIERMONT/AFP / AFP

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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