Rex Tillerson: Exxon did not mislead investors about the climate crisis

Ex-chief of ExxonMobil appeared in court after oil and gas giant was sued by the state of New York

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.

Full story over at The Guardian

Article submitted by Great Gazoo