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Exxon Investors Pile On With Climate Change Class Claims – Law360

Law360, Los Angeles (November 7, 2016, 11:55 PM EST) — A proposed class of investors added its woes to an increasing pile of claims against ExxonMobil over whether the company concealed its knowledge about climate change, accusing the energy giant Monday of lying about its fuel reserves in part to score a $12 billion debt offering.

Shareholders led by Pedro Ramirez Jr. said that Exxon Mobil Corp. had known for years that an increase in global temperatures was coming, and that as the planet got hotter, the company’s access to its hydrocarbon reserves would be limited,…

Source: Exxon Investors Pile On With Climate Change Class Claims – Law360

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