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Global Energy Advisory February 16th 2018

Oil

Exxon has launched a flurry of lawsuits, threats of lawsuits and demands for sworn depositions against 30 individuals and organizations, including the attorney generals of New York and Massachusetts, in response to allegations that the supergiant has deceived consumers and shareholders about the effects of its activity on the climate.

Itself the target of several lawsuits claiming the company knew about the effects oil and gas production had on climate, the number-one integrated oil company in the world is responding in what most see as an unusual—and risky—manner. Exxon’s attorneys have alleged the company is victim to a conspiracy from lawyers, public officials, and environmental activists.

It has denied the allegations made against it by New York Attorney General Eric Schneiderman and Massachusetts AG Maura Healey that it concealed its knowledge about the impact of its business on climate. Exxon has also denied the allegations of New York City and eight California cities and counties that it and other oil companies denied the findings of climate change research.

Striking back at its foes, Exxon says it has acknowledged these climate change findings but is now being hounded for not following the go-green political agenda and being denied the right to participate in the national discourse on climate change. The company also says the conspiracy it calls the ‘La Jolla playbook’ was conceived at a meeting attended by two dozen…

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