ExxonMobil Responds to Verdict in Suit by New York Attorney General
December 10 2019 - 1:50PM
Business Wire
ExxonMobil today issued the following statement in response to
the verdict from the Supreme Court of the State of New York:
“Today’s ruling affirms the position ExxonMobil has held
throughout the New York Attorney General’s baseless investigation.
We provided our investors with accurate information on the risks of
climate change. The court agreed that the Attorney General failed
to make a case, even with the extremely low threshold of the Martin
Act in its favor.
“Lawsuits that waste millions of dollars of taxpayer money do
nothing to advance meaningful actions that reduce the risks of
climate change. ExxonMobil will continue to invest in researching
breakthrough technologies to reduce emissions while meeting
society’s growing demand for energy.”
In his ruling, New York Justice Barry Ostrager wrote, “What the
evidence at trial revealed is that ExxonMobil executives and
employees were uniformly committed to rigorously discharging their
duties in the most comprehensive and meticulous manner
possible….The testimony of these witnesses demonstrated that
ExxonMobil has a culture of disciplined analysis, planning,
accounting, and reporting.”
To read the full ruling, click HERE.
About ExxonMobil
ExxonMobil, the largest publicly traded international energy
company, uses technology and innovation to help meet the world’s
growing energy needs. ExxonMobil holds an industry-leading
inventory of resources, is one of the largest refiners and
marketers of petroleum products, and its chemical company is one of
the largest in the world. For more information, visit
www.exxonmobil.com or follow us on Twitter
www.twitter.com/exxonmobil.
Cautionary Statement: Statements of
future events or conditions in this release are forward-looking
statements. Actual future results, including future energy demand
and mix and the impact of technology research, could differ
materially due to changes in market conditions affecting the oil
and gas industry or long-term oil and gas price levels; political
or regulatory developments, including developments in energy
policy; the ability to scale research and pilot projects to
commercial levels; and other factors cited under the caption
“Factors Affecting Future Results” on the Investors page of our
website at exxonmobil.com.
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