• Sign up for the Daily Digest E-mail
  • Facebook
  • Twitter
  • LinkedIn

BOE Report

Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

Oilsands part of second U.S. fraud lawsuit against Exxon over carbon pricing

October 25, 201910:38 AM The Canadian Press

Alberta’s oilsands are at the centre of a second major fraud lawsuit filed in the United States against ExxonMobil.

The lawsuit, filed on Thursday by the state of Massachusetts, accuses the oil multinational of misleading investors about what climate change measures could cost its operations — especially those in the oilsands.

It says Exxon told investors it evaluated its projects with a high and increasing price on carbon when in fact it used a much lower figure that remained stable.

The lawsuit alleges that had the effect of increasing the value of the company’s oil reserves.

The suit is similar to one currently before a court in New York state.

That lawsuit lists 14 Alberta oilsands projects Exxon is involved in through its Canadian subsidiary Imperial Oil.

An Exxon lawyer in the New York case has said the lawsuit fails to account for all the ways the company evaluates climate risk.

Imperial Oil

Follow the BOE Report
  • Facebook
  • Twitter
  • LinkedIn
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • Athabasca Oil Corporation announces 2020 year-end results
  • Peyto returns to profitability with Q4 2020 results
  • MEG Energy announces full year 2020 free cash flow of $129 million, debt repayment of $132 million and 28% year-over-year reduction in G&A expense
  • Briko Energy announces its 2020 year-end reserves and corporate update
  • Value of existing energy pipelines grows as ESG targets block new projects

Return to Home
Alberta Gas
CAD/GJ
Market Data by TradingView





    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    Resources
    • App
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contribute
    • Contact
    • Report Error
    Featured In
    • CamTrader
    • Rigger Talk
    Data Partner
    • Foxterra
    BOE Network
    © 2021 Grobes Media Inc.