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Arthur T Knackerbracket has found the following story:
Charges that Exxon Mobil misled investors on the financial risks of climate change will be heard in court this month after a New York judge gave the green light for a trial.
[...] Barry Ostrager, a New York judge, rejected motions on Wednesday night and set a trial to begin next Tuesday.
The lawsuit alleges that Exxon defrauded investors by claiming to fully account for the financial impact of future climate change mitigation policies, when it was not actually doing so.
[...] "As a result of Exxon's fraud, the company was exposed to far greater risk from climate change regulations than investors were led to believe," according to the complaint, which said the scheme enabled Exxon to avoid large asset write-downs that would have represented billions of dollars in lost revenue.
The complaint points the finger at the highest levels of Exxon, including former chief executive and US Secretary of State Rex Tillerson, who "knew for years that the company's representations... were misleading," the complaint said.
An Exxon spokesman said the New York case against it "is misleading and deliberately misrepresents" the company's practices for assessing climate policies.
"The New York Attorney General's allegations are false," the spokesman said.
[...] In August 2018, the US Securities and Exchange Commission ended an investigation into Exxon's decision not to write down assets because of future climate change regulations, taking no action against the company.
(Score: -1, Offtopic) by Anonymous Coward on Monday October 21 2019, @08:13PM (5 children)
And it has risen much more since the LGM, what is your point? That the climate should never change? It is not impressive to predict that the climate should change.
(Score: 2) by ikanreed on Monday October 21 2019, @08:43PM (4 children)
"Oh so you're saying cars should never move?" says man driving 500 miles per hour down the freeway
We're killing species far far far far faster than they adapt with just climate change, except for the most k-selected things like mosquitoes and tropical diseases. The temperatures we have now have unprecedented rates of change up to(but, hey, not including) the K/T extinction event.
(Score: 0, Insightful) by Anonymous Coward on Monday October 21 2019, @08:51PM (3 children)
Look up how much the Mississippi river has risen over the last 100 years. It is like 3x more than what people are supposedly worried about due to sea level rise. The predicted climate changes are of far less magnitude than what people have already been dealing with for centuries.
(Score: 1, Flamebait) by ikanreed on Monday October 21 2019, @08:57PM (1 child)
Do you know what dams are and how they're planned and what water rights are?
You know what. Fuck that, and fuck you. You're dredging up a random-ass talking point from some fucking blog. I don't know or care where you got it.
(Score: 0) by Anonymous Coward on Monday October 21 2019, @09:08PM
What does this have to do with it? The fact is that people have been dealing with far greater climate change effects in just the last 100 years than is predicted by the worst case models. More likely than not we should expect a continuation of the status quo or worse in terms of change.
(Score: 2) by DeathMonkey on Tuesday October 22 2019, @04:04PM
So a localized climate impact is WORSE than expected. Touche!!