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In Cities v. Fossil Fuels, Exxon's Allies Want the Accusers Investigated
Inside Climate News: The elbowing for advantage between ExxonMobil and the California cities and counties suing the oil giant for billions of dollars in climate change damages has spread to the U.S. Securities and Exchange Commission.
Exxon alleged in a Texas court earlier this year that in selling municipal bonds, the local governments may have withheld critical information from buyers about their vulnerability to sea level rise. That would cast a poor light on the cities' claims that Exxon knew about climate risks but ignored them in its own financial disclosures.
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