Tuesday, November 10, 2015

Pressure builds to probe Exxon climate claims

The Obama administration is under increasing pressure to investigate allegations that Exxon Mobil Corp. misled the public about its knowledge of climate change. All of the Democratic candidates for president have called on the Department of Justice (DOJ) to launch an investigation, joining a number of Dem lawmakers and major environmental groups. Some are also pushing for the Securities and Exchange Commission (SEC) to probe whether the company broke federal law. The pressure on the feds to act only intensified on Nov. 5 when it was revealed that New York Attorney General Eric Schneiderman had launched his own probe. The allegations are creating a headache for the country's largest oil and natural gas company. Exxon's problems started in September, when news website InsideClimate News started publishing a multi-part investigation alleging that Exxon knew in great detail as early as the 1970s that carbon dioxide, produced mainly by burning fossil fuels such as oil and gas, was warming the planet...more

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