A complaint filed in New York’s Supreme Court said ExxonMobil for years told investors it was preparing for the probability of increasingly stringent regulations on its effects on greenhouse gas emissions. . . .
“Investors put their money and their trust in Exxon — which assured them of the long-term value of their shares, as the company claimed to be factoring the risk of increasing climate change regulation into its business decisions. Yet as our investigation found, Exxon often did no such thing,” [New York Attorney General Barbara] Underwood said.