ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • ZNAA'22
  • Trending News
    • Viral News
    • Travel
    • People
    • Entertainment
    • Sports
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Tata Motors to buy Ford India's Sanand factory for Rs 726 crore
  • At NITI meet, PM Modi gives mantra of 3Ts, modernising agriculture to Chief Ministers in big push for 'Atmanirbhar Bharat'
  • Majority of employees want hybrid work, not work from office - An insight
  • Oil slides further amid recession fears, slow recovery in China imports
  • Commonwealth Games schedule India day 11, August 8
Read in App
Business News » World News

U.S. top court rejects Exxon in climate change document dispute

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App

The U.S. Supreme Court on Monday cleared the way for the attorney general of Massachusetts to obtain records from Exxon Mobil Corp to probe whether the oil company for decades concealed its knowledge of the role fossil fuels play in climate change.

The justices declined to hear Exxon`s appeal of a ruling by the top court in Massachusetts holding that state Attorney General Maura Healey, a Democrat, had jurisdiction to seek records to probe whether the company misled consumers and investors.

The high court`s action marked the latest setback for Exxon in its efforts to halt the Massachusetts investigation and a similar one by New York`s attorney general, who in October filed a lawsuit against the company.

New York`s lawsuit accused Exxon of engaging in a systematic scheme to deceive investors about the impact that future climate change regulations could have on its business. Exxon has called the claims "meritless."

The Massachusetts and New York investigations were launched following 2015 news reports that Exxon`s own scientists had determined that fossil fuel combustion must be reduced to mitigate the impact of climate change.

Those news reports, by InsideClimate News and the Los Angeles Times, were based on documents from the 1970s and 1980s. Exxon said the documents were not inconsistent with its public positions.

Healey in 2016 issued a civil investigative demand to Exxon seeking documents to investigate whether it had violated the state`s consumer-protection law through its marketing and sale of fossil fuel products.

Exxon said that because it is incorporated in Texas and New Jersey, Healey had no basis to seek documents to conduct a Massachusetts-based investigation.

The Massachusetts Supreme Judicial Court in April held that jurisdiction existed because of Exxon`s control over advertising conducted for about 300 franchise gas stations operating under the Exxon and Mobil brands in Massachusetts.

Exxon has called the Massachusetts and New York investigations politically motivated.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
Updated: Mon, Jan 07, 2019
09:30 pm
Reuters
RELATED NEWS
UP $1 trillion economy :  Yogi Adityanath government signs MoU with Deloitte India to achieve target UP $1 trillion economy : Yogi Adityanath government signs MoU with Deloitte India to achieve target
Need to boost manufacturing to create jobs, says Mahindra Group chairman Anand Mahindra Need to boost manufacturing to create jobs, says Mahindra Group chairman Anand Mahindra
RBI MPC: Banks with higher share of floating rates to do well in this higher interest rate regime, says Naveen Kulkarni of Axis Securities RBI MPC: Banks with higher share of floating rates to do well in this higher interest rate regime, says Naveen Kulkarni of Axis Securities
Next RBI MPC meeting date - Schedule details Next RBI MPC meeting date - Schedule details
Why is crude oil price falling? Brent hits lowest since start of Russia-Ukraine war Why is crude oil price falling? Brent hits lowest since start of Russia-Ukraine war

LATEST NEWS

Dividend stocks, bonus share, stock split update: These 20 stocks will remain in focus this week | Full List

Commonwealth Games 2022: Nitu Ghanghas grabs Gold on debut

Q1 results: IOC, HPCL, BPCL post Rs 18,480 cr loss in quarter 1 on holding petrol, diesel prices

Commonwealth Games schedule India day 11, August 8: Badminton, Table Tennis and Men’s Hockey on final day in CWG Birmingham - Details

Anil Singhvi's strategy on Aug 8: Support zone on Nifty is 17300-17350, Bank Nifty is 38050-38225

SBI share price drops 3% after net profit declines in Q1; brokerages remain bullish, raise target prices; Here's what they recommended

Commonwealth Game 2022 Medal Tally: Indian medal winners at Birmingham CWG after day 9 | Full List Here

Maharashtra cabinet expansion 2022 news: Check likely date when over dozen Ministers will take oath

Opening Bell: Nifty above 17,400, Sensex gains 30 points amid muted global cues; PSU Bank declines most

IRDAI to rename grievance redressal mechanism; complaints can be filed in regional languages soon

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV