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Environment & Energy Report

Massachusetts AG Files Amended Complaint Vs Exxon Mobil

June 5, 2020, 8:37 PM

Massachusetts Attorney General Maura Healey filed an amended complaint against Exxon Mobil, highlighting what she said is the company’s “continued statements omitting, denying, and downplaying the risks that climate change poses to its business.”

  • Also cites what she says is the company’s failure to disclose to investors the systemic financial risks from climate change
  • The pandemic “has exposed the massive risk posed to those invested in fossil fuel companies like Exxon by major events that cause global oil demand — and prices — to collapse,” Healey said
    • “Exxon knew about these risks decades ago but kept silent, instead making the...

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