CONGRESSMAN LIEU LEADS LETTER TO SEC CALLING FOR AN INVESTIGATION OF EXXONMOBIL ON CLIMATE SCIENCE
FOR IMMEDIATE RELEASE
WASHINGTON – As reported in an exclusive with Inside Climate News’ Neela Banerjee, Congressman Ted W. Lieu (D | Los Angeles County) has sent a letter to The Honorable May Jo White, Chair of the U.S. Securities and Exchange Commission (SEC), requesting an investigation into whether or not ExxonMobil broke any laws by making misrepresentations or omitting material facts in security filings related to what the corporation knew about climate change. The letter is co-signed by Representatives Peter Welch (D | VT), Mark Desaulnier (D | CA-11) and Matt Cartwright (D | PA-17).
In the letter, the four Member of Congress write:
“As Members of the House Oversight and Government Reform Committee, we are deeply troubled by recent media reports alleging that ExxonMobil intentionally obfuscated the role of fossil fuels in influencing climate change. Investigations by the Los Angeles Times and Inside Climate News suggest that top executives at Exxon embarked on a massive campaign of denial and disinformation after company scientists connected the burning of fossil fuels with global warming. We request your agency investigate ExxonMobil’s past filings to determine if securities laws were violated by failing to appropriately disclose material risks related to climate change.”
The full text of the letter can be downloaded here.