Exxon Mobil is at last doing something about the malicious actions and bad faith of Attorney General Schneiderman and his accomplices:
” A well known federal law doctrine generally forbids U.S. courts from interfering with state prosecutions and investigations. But an exception to the doctrine—one Kinkeade seems interested in vis-à-vis Exxon—allows federal courts to get involved in cases tainted by official “bad faith.”
In another part of its court filing, Exxon noted that Schneiderman has lately indicated he may also be investigating whether the company’s oil and gas reserves can actually be produced in the future because of regulatory efforts to address climate change. “It is now apparent that Attorney General Schneiderman is simply searching for a legal theory, however flimsy, that will allow him to pressure ExxonMobil on the policy debate over climate change,” the company said. This possible thrust of the New York investigation is “particularly egregious because it cannot be reconciled with binding regulations issued by the SEC, which apply strict guidelines to the estimation of proved reserves,” Exxon added.
In fact, the U.S. Securities and Exchange Commission separately is looking into Exxon’s reserves accounting. The company said in a statement Monday that it is “fully cooperating with an SEC request for information and is confident its financial reporting meets all legal and accounting requirements.”
This is from a Bloomberg article, but for some reason the link will not paste.