In Cities v. Fossil Fuels, Exxon’s Allies Want the Accusers Investigated –
“Now two industry-friendly groups are turning the tables and asking the SEC to investigate the cities and counties for possible fraud.”
Why this is important: Over the past year, cities across the country have sued Exxon and its peers alleging the extractive industry withheld information about the risks of climate change. Those cities are seeking billions of dollars in damages to offset the costs they allege they’ll incur in addressing rising sea levels over the coming years….
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