ExxonMobil Corp. lambasted New York Attorney General Eric Schneiderman after he made what Exxon calls, “inflammatory, reckless, and false allegations,” regarding the manner in which the company evaluates the impact of global warming on its assets and operations.

The NY AG’s stance is that ExxonMobil misled investigators in its use of proxy costs to estimate carbon impact.

ExxonMobil uses proxy costs to quantify the costs of greenhouse gas emissions and asserts that such costs approximate the range of potential future government actions re...


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