Bloomberg just lost the state lawsuit against Exxon he’s been funding

Published December 18, 2019 4:15pm ET



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.

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