(Reuters) – Exxon Mobil Corp on Tuesday was due to face trial in a lawsuit by New York’s attorney general accusing it of misleading investors about the risks of climate change regulations to its business. FILE PHOTO: An airplane comes in for a landing above an Exxon sign at a gas station in the Chicago suburb of Norridge, Illinois, U.S., October 27, 2016. REUTERS/Jim Young/File Photo The trial, expected to begin before Justice Barry Ostrager in Manhattan Supreme Court and last up to three weeks, could feature testimony from Rex Tillerson, who was Exxon’s chief executive before serving as U.S. Secretary of State. It is the first of several lawsuits currently pending against major oil companies related to climate change to go to trial. “The New York Attorney General’s allegations are false,” Exxon said in a statement. “We tell investors through regular disclosures how the company accounts for risks associated with climate change. We are confident in the facts and look forward to seeing our company exonerated in court.” The New York attorney general’s office had no immediate comment on Monday. The attorney general sued Exxon in October 2018 under the Martin Act, a New York state law that had… Read full this story
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