Tillerson testifies in suit over Exxon’s climate accounting
NEW YORK (AP) — Ex-Secretary of State and former ExxonMobil CEO Rex Tillerson is testifying in a New York lawsuit over claims that the energy company misled investors about how much climate change could cost it.
Tillerson took the stand Wednesday in the securities fraud lawsuit, brought by New York Attorney General Letitia James’ office.
James’s office says ExxonMobil Corp. deceived investors about its future profitability in light of global warming and the increased regulations it is expected to spur.
The Irving, Texas-based company says it did nothing wrong and indeed is an industry leader in gauging potential climate costs.
The case has revealed that Tillerson used the email alias “Wayne Tracker” while at Exxon. The attorney general’s office may seek to question him about whether it was used to discuss climate change.