Does this stuff ever get us anywhere? I just looked at the AG's website and it looks like we're constantly suing every high powered entity in America: https://ag.ny.gov
NY State alleges ExxonMobil knew risks of climate change and defrauded investors
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Re: NY State alleges ExxonMobil knew risks of climate change and defrauded investors
#12Re: NY State alleges ExxonMobil knew risks of climate change and defrauded investors
#13Oh, look, Matt Levine actually references this case at the top of that article. Unexpected recursion detected.
[1] - https://www.bloomberg.com/opinion/articles/2019-06-26/everyt...
Re: NY State alleges ExxonMobil knew risks of climate change and defrauded investors
#14Does this stuff ever get us anywhere? I just looked at the AG's website and it looks like we're constantly suing every high powered entity in America: https://ag.ny.gov
Re: NY State alleges ExxonMobil knew risks of climate change and defrauded investors
#15sounds like a 5 trillion settlement would be appropriate in this case...
Probably even more than that, when you consider how many more years the planet will be dealing with Exxon's BS, even if they were to cease operations today.
Re: NY State alleges ExxonMobil knew risks of climate change and defrauded investors
#16Earlier quoted context omitted.
i recommend this essay about how absolutely crazy the AG role actually is: https://repository.jmls.edu/cgi/viewcontent.cgi?article=1913...
Now explain the New York AG and why it seems others are twiddling their thumbs in comparison Or perhaps they are active against multinational corporations but arent physically close enough to the media for it to ever surface?
Then, it's simply a matter of experience: corporate and especially financial law is beyond complex, and they have the expertise, plus the financial resources, to investigate such cases. New York law is also similarly ahead.
And, of course, the majority of Attorneys General are currently Republican and have absolutely no interest interfering with corporations unless those happen to be involved in journalism, renewable energy or other despicably altruistic lines of business.
Re: NY State alleges ExxonMobil knew risks of climate change and defrauded investors
#17Re: NY State alleges ExxonMobil knew risks of climate change and defrauded investors
#18This is ridiculous. For decades, New Yorkers, like all Americans, have enjoyed the benefits of cheap energy. Exxon and other oil companies are giving consumers what they want.
Re: NY State alleges ExxonMobil knew risks of climate change and defrauded investors
#19This is ridiculous. For decades, New Yorkers, like all Americans, have enjoyed the benefits of cheap energy. Exxon and other oil companies are giving consumers what they want.
Re: NY State alleges ExxonMobil knew risks of climate change and defrauded investors
#20This is ridiculous. For decades, New Yorkers, like all Americans, have enjoyed the benefits of cheap energy. Exxon and other oil companies are giving consumers what they want.