Attorney General Maura Healey told reporters in a press conference today that “Exxon has fought us every step of the way,” and was “completely uncooperative,” noting that the company failed to comply with requests for documents and depositions.
“Exxon has yet to produce to our office a single document. They have yet to provide to our office a single witness. So they have been completely uncooperative with our investigation,” Healey told reporters.
ExxonMobil misstated facts and failed to disclose important information to both consumers and investors, according to the complaint, filed today in Suffolk Superior Court by the attorney general’s office.
“Exxon has known for decades about the catastrophic climate impacts of burning fossil fuels—its chief product,” said AGHealey. “Yet, to this day, Exxon continues to deceive Massachusetts consumers and investors about the dangerous climate harms caused by its oil and gasoline products and the significant risks of climate change—and efforts to address it—to Exxon’s business.”
“Contrary to its shareholder representations and deceptive advertising and marketing, Exxon’s products are a leading cause of climate change, not a solution. That deception, we allege, violates Massachusetts law, and that’s why we are suing. Our goal here is simple – to stop Exxon from engaging in this deception and penalize the company for this misconduct,” Healey said.
“In order to increase its short-term profits, stock price, and access to capital, ExxonMobil has been dishonest with investors about the material climate-driven risks to its business and with consumers about how its fossil fuel products cause climate change―all in violation of Massachusetts law,” the complaint asserts.
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