New York dropped half of its fraud case against ExxonMobil Thursday during closing arguments of a trial where the energy titan is accused of misleading investors about how climate change regulation would shake up profits.
Read moreIn a securities fraud lawsuit brought by New York, former Exxon CEO and ex-Secretary of State Rex Tillerson testified in court Wednesday that the energy giant’s leaders sought a full understanding of how new climate regulations would affect its bottom line.
Read moreAs Exxon battles New York on charges that its climate change naysaying amounts to securities fraud, Massachusetts fired off its own suit Thursday accusing the oil giant of misleading investors.
Read moreAs Exxon faces trial in New York on accusations of misleading investors about how climate change would affect profits, House lawmakers on Wednesday signaled the fossil-fuel giant could soon come into their crosshairs as well as experts testified about the company’s history of suppressing environmental science.
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Four years in the making, a trial to determine whether Exxon must pay heavily for misleading shareholders about how the climate crisis would affect its bottom line began with a political splash Tuesday afternoon.
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New York’s attorney general is accusing Exxon Mobil of lying to investors about how profitable the company will remain as governments impose stricter regulations to combat global warming.
Read moreU.S. energy giant ExxonMobil will sell its assets in Norway to Norwegian company Var Energi, owned by Italian Eni, for $4.2 billion, the newspaper Dagens Naeringsliv reported.
Read moreIn a federal lawsuit filed Thursday, ExxonMobil alleged that Cuban entities have been using and profiting off of its property in Cuba, which was seized by Fidel Castro’s regime in 1960.
Read moreExxonMobil has made the world’s third-biggest gas find in the last two years off the cost of Cyprus, the country’s government said Thursday.
Read moreAfter nearly three years of investigation, New York’s attorney general pulled the trigger Wednesday on a fraud complaint against Exxon that is seen as the climate-change equivalent to the lawsuit that tamed Big Tobacco.
Read moreUncle Sam must cover some of Exxon Mobil’s cleanup costs for jet fuel and gasoline produced for World War II and the Korean War, a federal judge ruled, rejecting the government’s contention that the oil giant’s claims are time-barred.
Read moreExxonMobil must comply with the Massachusetts Attorney General’s investigation into whether it suppressed climate change research, the state’s highest court ruled Friday.
Read moreRefusing to let Exxon sue over state fraud probes of its climate change denials, a federal judge called the oil giant’s scorched-earth legal offensive Thursday a “huge waste” of time and money.
Read moreU.S. oil company Exxon Mobil says it will withdraw from its joint venture with Russia’s state-controlled Rosneft due to U.S. and European sanctions against the country.
Read moreRejecting an appeal Monday by environmental groups and a state senator, the New Jersey Superior Court upheld a landmark settlement that requires Exxon Mobil to pay $225 million for causing pollution at the Bayway Refinery in Linden and another facility in Bayonne.
Read moreExxon Mobil claims in a petition for pre-suit depositions filed in Tarrant County, Texas, that local officials in California have unfairly targeted Exxon and other Texas-based energy companies in civil lawsuits blaming them for rising sea levels, despite not disclosing that concern to bond investors.
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ExxonMobil reached a $2.5 million settlement on carbon emissions Tuesday that will cost it $300 million in compliance measures for facilities in Texas and Louisiana.
Read moreExxonMobil and U.S. Secretary of State Rex Tillerson asked a Dallas federal judge on Tuesday to dismiss a shareholder class action against them, arguing investors are piggybacking claims by several blue-state attorneys general that the oil giant concealed what it knew about climate change.
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Oakland and San Francisco sued five major oil companies on Tuesday, claiming they should cover the costs of sea walls and other projects needed to protect the cities from the consequences of climate change.
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