abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

8 Jan 2018

Author:
John O'Brien, Forbes (USA)

Exxon prepares to sue California cities, says they contradict themselves on climate change

...On Jan. 8, Exxon took the first step towards suing those who orchestrated climate change lawsuits in California by asking the Tarrant County District Court to allow it to question an assortment of government officials and a Hagens Berman lawyer. The company says those local officials are talking out of both sides of their mouths - blaming Exxon for an impending flooding disaster while not disclosing that alleged threat to possible investors in their bond offerings.

...“It is reasonable to infer that the municipalities brought these lawsuits not because of a bona fide belief in any tortious conduct by the defendants or actual damage to their jurisdictions, but instead to coerce ExxonMobil and others operating in the Texas energy sector to adopt policies aligned with those favored by local politicians in California,” attorneys for the company wrote.

In doing so, they must have lied to potential investors in their respective bond offerings, the company claims.

Statements made to potential investors contradict allegations made by the municipalities when they sued the energy industry, the filing says. 

...Exxon believes 16 individuals possess evidence that would allow it to file a lawsuit that would likely contain a claim for civil conspiracy...

Timeline