Massachusetts Sues Exxon Over Climate Change, Accusing the Oil Giant of Fraud
Exxon is facing allegations of deceptive advertising, misleading investors and actions that threaten the world economy. It’s already on trial in New York.
Oil giant ExxonMobil, already fighting a climate-related investor fraud case in New York, has been hit with a second lawsuit: The Massachusetts Attorney General is accusing the company of defrauding investors and threatening the world economy.
This newest legal blow landed Thursday in Suffolk County Superior Court in Boston in a complaint alleging Exxon repeatedly violated the state’s consumer and investor protection law and related regulations.
The lawsuit accuses Exxon of a broad sweep of misconduct that includes using deceptive advertising to mislead consumers in the state about the central role its fossil fuel products play in causing climate change, and intentionally misleading Massachusetts investors about material climate-driven risks to its business.
Beyond the fraud allegations, Attorney General Maura Healey also upbraids Exxon in the lawsuit for an on-going “green washing” marketing campaign that she says falsely touts the company as a leader in clean energy research and climate action.
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