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Exxon wins trial: “Exxon knew” proves to be junk claim

Posted By Jo Nova On December 11, 2019 @ 2:31 pm In Global Warming | Comments Disabled

“Exxon knew” is now legally proven to be the vacuous empty dogwhistle it always was — a cheap stunt to whip up jealously and anger in gullible minds.

Exxon wins first-of-its-kind climate change case against New York

December 10, 2019,  Josh Seigel, Washington Examiner

ExxonMobil won a first-of-its-kind climate change fraud trial on Tuesday as a judge rejected the state of New York’s claim that the oil and gas giant misled investors in accounting for the financial risks of global warming.

New York Supreme Court Justice Barry Ostrager said the state failed to prove that Exxon violated the Martin Act, a broad state law that does not require proof of intent of shareholder fraud.

“The office of the Attorney General failed to prove, by a preponderance of the evidence, that ExxonMobil made any material misstatements or omissions about its practices and procedures that misled any reasonable investor,” Ostrager wrote in a 55-page ruling, deciding the case without a jury.

The Democrats in NY spent three years working on this before filing the suit, but apparently didn’t realize they were barking at clouds the whole time?

New York Assistant Attorney General Jonathan Zweig announced during his closing statement that the state would no longer be claiming Exxon knowingly and willfully misled investors on how it accounts for the financial risks of climate change.

Incompetence is the Deep State

Officials waste taxpayer money on frivolous law-suits to either support their own faith in a neopagan religion, or support the financial interests of their party donors. Their greatest strength is their overwhelming audacious confidence, but it’s also their greatest weakness, and guarantees they will take any tiny seed of something and run with it til they smash headlong on the rocks.

We can only hope some heads roll.

This is very related to the ASIC investigation coincidentally announced yesterday in Australia.

ASIC investigating large companies’ climate change risk management

Jackson Gothe-Snape, ABC

The corporate watchdog has launched a new surveillance program to ensure Australia’s biggest companies are dealing with the risks of climate change.

The move follows comments by former High Court judge and royal commissioner Kenneth Hayne that directors of companies could end up in court if they do not properly deal with the risk.

The Australian Securities and Investment Commission (ASIC) has started contacting large companies this week as part of its investigation into climate risk governance.

We wish ASIC would investigate the CSIRO and BOM for misleading taxpayers and corporations about the risks of climate change. Who protects the taxpayers? Who is responsible for all the malinvestment, wasted money, destruction of a perfectly good grid?

If there are directors who are concerned please get in touch. I can quietly connect you with information and experts.

Greater minds than I may have more insight into the validity of the ASIC move. Why is a government watchdog trying to protect investors in situations where sane investors should be making up their own minds — both about the risk of climate change and also the corporate response? It’s as if the government has decided that no sane investor would prefer to put money into companies that are not wasting it preparing for a fantasy future.

Welcome to creeping communism — where the state decides what private businesses have to do, and what private investors need to know. After twenty years of non-stop propaganda on this topic surely there is no person in the West within one SD of an average IQ who is not  fully aware of theoretical, supposed “climate change” risks.

h/t Pat. Thank you for your card!  h/t also Howard H.

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