(credit: Mike Mozart )
The Attorney General of New York is investigating whether Exxon Mobil lied to the public and investors about the risks of climate change, the Texas oil giant confirmed late Thursday.
Eric Schneiderman, the attorney general, subpoenaed the oil company Wednesday seeking e-mails, financial records and other materials like communications with trade and industry groups.
At its core, the probe is about determining whether the world's biggest oil exporter's own scientific research meshes with what the oil company has publicly said to investors—and the inquiry stretches back decades. The issue hearkens back to Big Tobacco's suppression of data about the health consequences linked to smoking. The legal action, moreover, comes in the wake of a series of reports by The Los Angeles Times alleging that, for decades, Exxon and its worldwide affiliates "were crafting a public policy position that sought to downplay the certainty of global warming."
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