The New York attorney general’s office will take its case against Exxon Mobil to trial on Tuesday, arguing that one of the world’s largest oil and gas companies misled its shareholders and the public by misrepresenting the risks that climate change poses to the value of its oil and gas assets.
The lawsuit is one of several the company is facing that if successful, would force Exxon Mobil, which took in some $290 billion in revenue last year, to account for the true costs of its nature-crushing fossil fuel business, making it less competitive with wind, solar and other renewable energy sources and thus accelerating the transition to a clean-energy economy.