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Thread: So The State of NY Files a Lawsuit and Stock Value Drops

  1. #1
    INGSOC GURPS's Avatar
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    So The State of NY Files a Lawsuit and Stock Value Drops

    New York Attorney General Barbara Underwood filed a long-awaited lawsuit against Exxon Mobil on Wednesday, claiming that the oil giant hid the financial risks of climate change from its investors — and that former CEO Rex Tillerson had signed off on the deception.

    The civil suit, filed in state Supreme Court, claims the Texas-based company was “deceiving” investors by essentially using two sets of books to account for the rising costs of environmental regulations around the world.

    Exxon shares shed 2.8 percent to close at $77.61.

    Underwood claims that Exxon’s misrepresentations damaged shareholders, including the teachers and public workers with New York state pensions, because they were misled about the risks of climate change.


    New York sues Exxon Mobil, claiming it hid climate change risks



    so the State of NY causes the thing they are suing over said would happen in the 1st place, because Exxon down played Climate Change
    We’re tempted to suggest a conspiracy here — but it’s just liberals agreeing yet again that conservatives have hidden, evil motives, because modern liberals simply can’t conceive of any other reason to disagree with the liberal consensus.

    “Moral precepts are constant through the ages and not obedient to circumstances.”

  2. #2
    Where's Brian Frosh at?
    "Pain heals. Chicks dig scars. Glory... lasts forever." - Shane Falco

  3. #3
    Imagine No Democrats Kyle's Avatar
    Member Since
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    15,643
    Quote Originally Posted by stgislander View Post
    Where's Brian Frosh at?
    He hasn't read the paper yet.
    ___________________________________________________________
    "If You Don’t Read the Newspaper You Are Uninformed, If You Do Read the Newspaper You Are Misinformed." - Mark Twain

  4. #4
    I don't understand how they can make the connection between the "rising costs of regulation" and "climate change". It's the government weanies that make and react to that idiotic connection, not Exxon.
    "I've got to start eating at home more" - J. Dahmer

  5. #5
    Environmentally and regulation wise things must have really gone to poop in the last 1.5 years!

    https://www.nytimes.com/interactive/...-pensions.html

    I'll save you some time. The NYS Teachers Pension Fund is one of only 6 nationwide to receive a grade of "B" reported in March 2017, no state received an "A". I wonder if the alleged pension issues were impacted by the mass exodus of NYS citizens, the anti-business regulations from cuomo and company or any of the other exceedingly liberal policies funded by the liberal socialists in charge.
    Being a left-handed conservative is tough. When somebody calls me a lefty I want to punch them.

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