State AG and the Big Apple take action
America's largest city files lawsuit against climate polluters
Flanked with environmental justice advocates and Hurricane Sandy survivors, NYC Mayor Bill de Blasio kicked off 2018 by announcing the city's suit against the five biggest publicly traded oil companies: BP, Chevron, ConocoPhillips, ExxonMobil and Royal Dutch Shell.
"We're bringing the fight against climate change straight to the fossil fuel companies that knew about its effects and intentionally misled the public to protect their profits," de Blasio said in a statement. "As climate change continues to worsen, it's up to the fossil fuel companies whose greed put us in this position to shoulder the cost of making New York safer and more resilient."
Snapshot of Damages
AG Schneiderman sets his sights on Exxon
The saga of Attorney General Eric Schneiderman and Exxon began with the 2015 investigations that revealed the depth of Exxon's deceit around climate change. The AG's investigation is now focused on evidence suggesting that Exxon may have cooked the books and acted fraudulently in assessing and reporting to shareholders its exposure to stranded assets and other climate-related financial risks. According to filings from Schneiderman's office to the Supreme Court of New York, the office "has uncovered significant evidence of potential materially false and misleading statements by Exxon about its application of a proxy cost" to its internal decision making. Thus "suggesting that the exercise described to investors may be a sham."