EnergyWatch

Exxon must disclose accounting details in NY climate probe

New York's top court ruled Tuesday that ExxonMobil must hand over audit documents in a climate-change probe that revealed evidence in June that Exxon may have used two different sets of numbers to calculate the impact of global warming on its reserves.

Exxon Mobil Corp.'s attempt to use "accountant-client privilege" to avoid handing over audit documents in a politically charged climate-change probe was dealt a final blow by New York's top court.

The finding on Tuesday affirms a 2016 ruling that Exxon must comply with a subpoena by New York Attorney General Eric Schneiderman, who is investigating whether investors were misled about the possible impact of climate change on the energy company's business.

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