by Steve Milloy, Junkscience.com founder and E&E Legal Senior Policy Fellow
As Appearing in the Washington Examiner
A federal judge just dismissed, with prejudice, the New York attorney general’s lawsuit against oil giant ExxonMobil. Like the Trump impeachment saga, it’s been quite a circus with the public spectacle distracting from the behind-the-scenes skullduggery.
The New York attorney general had alleged that ExxonMobil misled shareholders in accounting for the alleged risks of global warming. Supposedly, dating back decades, ExxonMobil had low-balled the costs of future carbon taxes in financial disclosures.
After more than three years of litigation, millions of pages of documents produced, dozens of witnesses, and 12 days of trial, the judge ruled that the crusading attorney general failed to prove by a preponderance of the evidence that Exxon had misled anyone in its climate-related disclosures.
“The Office of the Attorney General produced no testimony either from any investor who claimed have been misled by any disclosure, even though the Office of the Attorney General had previously represented it would call such individuals as trial witnesses,” the court noted.