REP. LIEU STATEMENT ON SEC INVESTIGATION INTO EXXONMOBIL CLIMATE FRAUD

September 21, 2016
Press Release

FOR IMMEDIATE RELEASE

Washington - Today, Representative Ted W. Lieu (D | Los Angeles County) issued the following statement in light of a report in the Wall Street Journal that the Securities and Exchange Commission (SEC) is investigating the Exxon Mobil Corporation over its carbon pricing and asset valuation practices.   In October 2015, Representatives Lieu, DeSaulnier, Welch, and Cartwright sent a letter to the SEC requesting that it launch an investigation into whether ExxonMobil violated certain securities laws in connection with climate change.

“Over the last year, my Democratic colleagues and I have urged the Securities and Exchange Commission and the Department of Justice to investigate ExxonMobil’s fraudulent actions on climate change.  I commend the SEC for its leadership in investigating ExxonMobil.  Now it’s time for the DOJ and the FBI to follow suit and work to hold ExxonMobil accountable for defrauding the American people on the fierce and urgent issue of climate change.”

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