Independent news has never been so important.

Did you know that you can get Democracy Now! delivered to your inbox every day? Sign up for our Daily News Digest today! Don't worry, we'll never share or sell your information.

Rex Tillerson Denies Exxon Misled Investors over Climate Risks

HeadlineNov 01, 2019

Here in New York City, former Secretary of State Rex Tillerson told a federal court Wednesday that ExxonMobil did not mislead shareholders about the financial risks of climate change while Tillerson was CEO of the company. Investors suing the oil giant contend that under Tillerson’s leadership in 2014, Exxon kept two sets of books on the predicted costs of future climate regulations — lowballing internal company estimates in order to justify carbon-intensive projects like mining Canada’s tar sands.

A damning report by InsideClimate News and the Los Angeles Times revealed that Exxon knew that fossil fuels contributed to climate change as early as the 1970s but did not take any action even as it covered up the science. The student group Fridays for Future NYC is leading a school strike and rally today outside the Manhattan courthouse where the Exxon trial is underway. The group tweeted, “Exxon knew in 1982 they were stealing our future. And now they’ll pay for it.” 

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation