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ExxonMobil faces trial over allegations of misleading investors on climate crisis

New York lawsuit alleges company was ‘exposed to far greater risk from climate change than investors were led to believe’

ExxonMobil is to face trial in New York City on Tuesday, accused of misleading investors over the business risks caused by regulations aimed at addressing the climate crisis.

The oil and gas giant has been taken to court by New York’s attorney general for allegedly covering up the costs it will incur from government rules designed to reduce greenhouse gas emissions.

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