WTF Climate Change News

Sep 21, 2018
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Oct 6, 2018
244
Probably near London or SF
SL Rez
2005
Joined SLU
2008
This will be a case to watch..

Will This Case Finally Bring Down ExxonMobil’s Culture of Climate Deception?

New York State Attorney General Barbara Underwood recently filed what could be an enormously consequential securities fraud lawsuitagainst ExxonMobil, exposing in great detail the company's long history of lying about issues related to climate change.

According to the findings of the AG's investigation, ExxonMobil kept one set of numbers internally about the likely future costs of carbon-emission rules while using another set for its shareholders that it knew to be false. For internal planning purposes, the company low-balled estimates for the cost per ton of carbon that would likely be imposed by regulation to make its projects appear to be more profitable. Meanwhile, the company told its shareholders it was using a higher, more plausible, price when determining its projects' long-term economic viability. By doing so, the complaint charges, ExxonMobil deceived its investors, falsely assuring them that its oil and gas reserves would not become unusable for economic reasons—what the industry refers to as "stranded assets."

The 97-page legal complaint is chock-full of examples of ExxonMobil reports and statements that deceived shareholders about the likely cost of carbon-emission standards. It charges the company with "a longstanding fraudulent scheme" that "was sanctioned at the highest levels of the company."

Just as the notorious Prohibition-era gangster Al Capone was ultimately brought down on tax fraud charges despite a long rap sheet of murder and mayhem, the case raises the prospect that New York's unique securities fraud law, the Martin Act, could be the legal tool that holds the company accountable for a culture of deception about climate change that spans decades.
 

Kamilah Hauptmann

This Reality Blows
Sep 20, 2018
861
Cat Country (Can't Stop Here)
“Probably Not A Good Sign” Say Scientists, After Discovering Whales Have A Space Program

An intercepted subsea communication, recorded this morning in the vicinity of the “Whaleship Exitprise” (as the almost unfathomably real craft is now being called) appears to indicate Dr. Bae is correct.

“Caroooooooo, oooooooooo, oooooooooooooouuuuuuuu,” a humpback whale is heard to sing repeatedly, in what researchers say could be a sign she is practicing an important speech. A rough decoding of the message, performed by the Hawai’i Institute of Marine Biologists would seem to confirm this.

“That is one small interplanetary move for whales,” the translation states. “One giant fuck yooooooooooouuuu to the self-centred, hairless, blunt-tooths who destroyed this planet.”
 
Oct 6, 2018
244
Probably near London or SF
SL Rez
2005
Joined SLU
2008
And Massachusetts!

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

WASHINGTON, Jan 7 (Reuters) - 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.
I did love this bit, too:

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