New York vs. ExxonMobil: Myth vs. Fact

After a nearly four-year investigation which included the review of millions of documents and dozens of hours of depositions and testimony, the New York Attorney General’s (NYAG) lawsuit against ExxonMobil is set to begin on October 22nd. The trial is centered around claims from the NYAG that ExxonMobil misled investors about the company’s management of climate risk in regard to its business operations via its use of a proxy cost of carbon, though the NYAG’s investigation charted a meandering course to arrive at that allegation after changing its core legal theory several times.

Since the trial is years in the making, it is important to remember what this case is—and more importantly isn’t—about.

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