ExxonMobil, and the Politicization of Law Enforcement In NY

The New York Supreme Court announced its landmark decision earlier this month in the first climate change-related securities lawsuit---“People of the State of New York v. Exxon Mobil Corporation”---to be tried to a verdict in the U.S. On December 10, Justice Barry Ostrager ruled that the New York Attorney General had failed, even under a preponderance of the evidence standard, to prove its claims that ExxonMobil engaged in a “fraudulent scheme” to mislead “investors regarding the risk that climate change regulations posed to its business.”