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ExxonMobil to face investor pressure, despite New York court victory

ExxonMobil managed to dodge another bullet this week, as the company was found not guilty of misleading shareholders about the true cost of climate change. The conclusion of this four-year saga will come at the dismay of climate protestors, while investor confidence is yet to properly waiver, despite the company’s stock sitting at a 5-year low. With new allegations and cases popping up left, right, centering around the oil giant’s negligence in the fight against climate change, a straw is surely soon going to break ExxonMobil’s back, if it doesn’t become more climate conscious. The $1.6 billion lawsuit in New York court, alleged that Exxon deceived investors about the financial risks around climate change, by publishing different sets of forecast…

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