A lawsuit filed this week in a U.S. court says ExxonMobil has dramatically underestimated the risks its oilsands assets face from efforts to reduce carbon emissions:
The lawsuit, filed after a three-year investigation by the New York attorney general’s office, charges that Exxon deliberately lowballed by $30 billion the carbon costs faced by 14 different Alberta oilsands operations it runs through its subsidiary Imperial Oil.
This isn’t a real lawsuit by investors who think Exxon did something wrong. Exxon is America's largest oil company; it is rigorously managed, scrutinized, audited, governed, controlled.
This is a political lawsuit by a bunch of attorneys general, who all want to run for governor or Senator or even president in the Democratic Party, where you each have to outdo the other for hating oil and gas.
The legal action is a civil suit arguing Exxon defrauded investors by disguising its carbon liabilities. None of its statements has been proven in court and a statement of defence has not yet been filed.
So it’s trying to force the recognition of a fairy tale — that carbon dioxide is costly and Exxon is lying when it doesn’t agree that carbon taxes are good and oil is bad.
It’s just a bunch of loser Democrat politicians abusing their taxpayers resources to file nuisance suits.
It’s a junk lawsuit.
But even if it wasn’t — where is our side?
Where’s Rachel Notley? Why isn’t she flying down to Manhattan to rebut these lies? Where is Trudeau — why isn’t he going down to the U.S., to work his magic on his Democrat friends? I mean, they both love to fly to New York or Washington at taxpayers expense.
The answer is so obvious, I can’t believe I’ve taken ten minutes to say it:
Rachel Notley and Justin Trudeau just don’t have a problem with this anti-oilsands lawsuit by their U.S Democrat friends.
I’m just wondering why Jason Kenney and Andrew Scheer are silent, too...
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