Monday, October 18, 2021
54.4 F
Fort Worth

SEC drops probe into Exxon’s climate change calculations

🕐 1 min read

NEW YORK (AP) — The Trump administration has dropped a two-year investigation into how Exxon Mobil Corp. factors climate-change regulations into how it calculates the value of its assets.

The Securities and Exchange Commission informed the energy giant in a letter that it would not recommend an enforcement action against the company at this time.

Exxon Mobil spokesman Scott Silvestri said on Friday that the company cooperated fully with the SEC inquiry. He says Exxon is confident its financial reporting meets all legal and accounting requirements.

The SEC letter says its decision should not be construed as an exoneration. The agency declined further comment.

Exxon faces separate investigations in New York and Massachusetts into whether it misled investors about climate change issues.

Related Articles

Our Digital Sponsors

Latest Articles

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate