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New York’s top prosecutor on Friday accused Exxon Mobil of misleading investors about how it accounts for climate change risks, court filings show, offering a rare look inside an ongoing fraud investigation as it pressed the company to turn over more documents. Attorney General Eric Schneiderman said in a court filing he had evidence of “potential materially false and misleading statements by Exxon” that could have led investors to think the U.S. oil giant company properly assessed the risks when it actually ignored a formula to estimate the impact of future environmental regulation on new deals.
June 04, 2017 at 08:01PM
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