Exxon Loses Bid to Keep Auditor Files Secret in Climate Fraud Probe

"New York's highest court rejected Exxon's appeal. Attorney General Eric Schneiderman is probing whether the oil giant misled investors on climate change risks."

"Brushing aside objections by ExxonMobil, New York's highest court has opened the door for state officials to demand that the oil giant's outside auditor immediately turn over records as part of a fraud investigation into the company's positions on climate change.

In a one-sentence rebuff, the court refused to hear arguments by Exxon that the advice of the firm, PricewaterhouseCoopers (PwC), was protected by an auditor-client privilege.

The documents in question could provide a candid, and potentially damaging, glimpse into Exxon's private calculations of the business risks posed by climate change and whether its auditors had any concerns about how it disclosed those risks to investors."

David Hasemyer reports for InsideClimate News September 12, 2017.