Exxon began its trial — for allegedly deceiving its investors about the sizable financial risks posed by climate change — at the New York State Supreme Court on Tuesday.
The deep-pocketed oil behemoth, which has vast oil reserves in Brazil, Canada, Texas, Guyana, Malaysia, the Netherlands and beyond, is in legal trouble, according to environmental law experts. There’s compelling evidence the Exxon Mobil Corporation defrauded its investors, and at minimum, the company will be exposed to deep public scrutiny as the trial develops. “We’re seeing the company for the first time confronted in open courts with the evidence of its climate deception,” Carroll Muffett, the president of the Center for International Environmental Law, told Mashable on Monday. Read more…
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