New York Attorney General Launches Groundbreaking Fraud Suit Against Exxon
In late October, New York State’s Attorney General Barbara Underwood filed a massive fraud suit against fossil fuels giant Exxon. The suit alleges that Exxon engaged in a “longstanding fraudulent scheme to deceive investors by providing false and misleading assurances that it was effectively managing the economic risks posed by increasingly stringent policies and regulations it expected to be adopted to address climate change.”
The attorney general’s office also alleges that Exxon’s former chairman and CEO, and later United States Secretary of State, Rex Tillerson, knew about direct misrepresentations for years.
For the Real News, I speak to attorney Todd Paglia, executive director of Stand Earth, about the New York Attorney-General’s prospects for success. My discussion with Todd can be seen and heard here: