• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Exxon Asks Federal Court to Dismiss Climate Change Case

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
October 17, 2016, 1:59 PM ET
Exxon Mobil’s signage is displayed on a fuel pump at a gas station in Richmond, Kentucky.
Photograph by Luke Sharrett/Bloomberg via Getty Images

Exxon Mobil asked a federal court on Monday to throw out a subpoena from New York State that would force the oil company to hand over decades of documents as part of a wide-ranging inquiry into whether it misled investors about climate change risks.

The filing means Exxon has now requested the U.S. District Court in Fort Worth, Texas for injunctions against two major climate subpoenas: one issued by New York and another from Massachusetts that the company challenged in June.

Exxon, which for more than a decade has acknowledged the risks of climate change, has criticized the prosecutors’ inquiries as politically motivated.

A group of state attorneys general, led by New York, said in March they would go after the world’s largest publicly traded oil company for allegedly violating securities laws by soft-pedaling the dangers of climate change and efforts to fight it.

Judge Ed Kinkeade has yet to rule on Exxon’s requests in the high-profile case.

But in a statement to the court last week, Kinkeade said he would be concerned if there was “bias or prejudgement about what the investigation of Exxon would discover” when Massachusetts attorney general Maura Healey issued her subpoena.

Her office was not immediately available for comment on Monday.

Eric Soufer, spokesman for New York State’s attorney general, accused Exxon of forum-shopping.

“Exxon will do everything in its power to distract, delay, and avoid any investigation into its actions, which may have violated state securities and consumer fraud laws. Exxon’s latest claims in its stunt litigation in Texas are meritless,” he said.

On Friday, New York filed in a New York court to derail Exxon’s latest request.

In its filing, Exxon said New York’s inquiry has periodically shifted focus, first by looking for misleading comments about climate change, then moving onto the value of its reserves and how they might be “stranded” in the ground by carbon regulation in the future.

Exxon said in September the U.S. Securities & Exchange Commission is the right agency to vet how it books reserves and that it complies with accounting and securities laws.

Some legal experts have said that, regardless of Exxon’s past comments on climate change, it could not have violated securities laws because investors gather their information from a variety of entities with disparate views.

The case is 4:16-cv-00469 in U.S. District Court for the Northern District of Texas, Fort Worth division.

About the Author
By Reuters
See full bioRight Arrow Button Icon

Latest in

Personal FinanceSavings accounts
Today’s best high-yield savings account rates on Dec. 9, 2025: Earn up to 5.00% APY
By Glen Luke FlanaganDecember 9, 2025
58 minutes ago
Personal FinanceBanks
You can earn up to 4.18% APY. Check out the best CD rates today, Dec. 9, 2025
By Glen Luke FlanaganDecember 9, 2025
58 minutes ago
SuccessThe Interview Playbook
CEO says he’s started giving job candidates live feedback in the interview—and if they ‘freeze up’ or ‘get offended’ they’re not fit for the role
By Orianna Rosa RoyleDecember 9, 2025
59 minutes ago
NewslettersTerm Sheet
Key questions to stay grounded in the AI frenzy
By Alexei OreskovicDecember 9, 2025
2 hours ago
EconomyFederal Reserve
A divided Fed meets today and Wall Street is listening for 4 key words from Powell: ‘In a good place’
By Jim EdwardsDecember 9, 2025
2 hours ago
David Ellison speaks with intensity while sitting on a panel
SuccessDavid Ellison
When David Ellison was 13, his billionaire father Larry bought him a plane. He competed in airshows before leaving it to become a Hollywood executive
By Dave SmithDecember 9, 2025
2 hours ago

Most Popular

placeholder alt text
Real Estate
The 'Great Housing Reset' is coming: Income growth will outpace home-price growth in 2026, Redfin forecasts
By Nino PaoliDecember 6, 2025
3 days ago
placeholder alt text
Investing
Baby boomers have now 'gobbled up' nearly one-third of America's wealth share, and they're leaving Gen Z and millennials behind
By Sasha RogelbergDecember 8, 2025
18 hours ago
placeholder alt text
Uncategorized
Transforming customer support through intelligent AI operations
By Lauren ChomiukNovember 26, 2025
13 days ago
placeholder alt text
Success
Craigslist founder signs the Giving Pledge, and his fortune will go to military families, fighting cyberattacks—and a pigeon rescue
By Sydney LakeDecember 8, 2025
20 hours ago
placeholder alt text
Economy
The most likely solution to the U.S. debt crisis is severe austerity triggered by a fiscal calamity, former White House economic adviser says
By Jason MaDecember 6, 2025
3 days ago
placeholder alt text
Success
‘Godfather of AI’ says Bill Gates and Elon Musk are right about the future of work—but he predicts mass unemployment is on its way
By Preston ForeDecember 4, 2025
5 days ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.