Rex Tillerson denies Exxon misled investors over climate crisis

[Judi Lynn]

Source: Guardian

Former chief of ExxonMobil and former secretary of state under Trump appeared in court after oil and gas giant was sued

Oliver Milman in New York
@olliemilman
Wed 30 Oct 2019 13.47 EDT

Rex Tillerson, the former chief executive of ExxonMobil and former secretary of state in the Trump administration, has denied in court that the oil and gas giant committed fraud by concealing from investors the true financial impact of the climate crisis.

Tillerson told the New York supreme court that Exxon had acted properly over disclosing its financial exposure to climate-related regulations while he was chief executive.

Leticia James, the New York state attorney general, is suing Exxon over claims it misled investors over the costs associated with the climate crisis.

Exxon is accused of misleading investors over the business risks caused by regulations to address the climate crisis.

Read more: https://www.theguardian.com/us-news/2019/oct/30/rex-tillerson-denies-exxon-misled-investors-over-climate-crisis

[trof]

1. Well OF COURSE he did.

[Evolve Dammit]

2. Where's the picture of Putin putting the medal on Tillerson?

[maxsolomon]

3. If they were misled, they're self-deluding or too dumb to invest.

He provided them with the excuses they wanted to hear.

[MartyTheGreek]

4. Hey Rex, tell us more about Oil Deals...

And you didn't know Trump was a moron before you took the job? Who referred you again?

Sadly Exxon scientists not only knew CO2 increases would cause global warming, they were tasked with determining how oil facility structures and piping systems would hold up under climate change conditions namely permafrost melt. They knew this back in the 1970's!

[Initech]

5. Is there anything these assholes won't lie about??

[Ponietz]

6. Shit like this is why you can't compromise with Repukes

Wayne Tracker has a lot to answer for. No compromise with lies.

[Submariner]

7. Since your Exxon Valdez spill continues to poison sediments, shellfish, herring habitat

and water quality in Prince William Sound, Alaska, and you successfully got the corrupt and partisan SCOTUS to cut your fine from billions to chump change, screwing fishermen and subsistence hunters, please STFU.

[hatrack]

9. To say nothing of the advantage of corporate immortality . . .

Wait long enough and the plaintiffs will eventually die. Not so for ExxonMobil.

[BigmanPigman]

8. Hey dude, we're not all fucking morons

like your old boss. We are NOT buying your BS!