Did Exxon Mobile mislead investors by misrepresenting the impact climate change could have on their shares? New York’s Attorney General, Eric Schneiderman, thinks so. Following a yearlong review of shareholder disclosures, a subpoena was sent on Wednesday to the Dallas-based company. Exxon acknowledges receiving the subpoena, but rejects the allegations that it misled investors.
In a statement released on Thursday, Exxon Vice President Ken Cohen was quoted as saying, “Beginning in the... Read More