In late April, in the ongoing case Ramirez v. Exxon Mobil Corp., et al., Exxon urged a Texas federal court to deny class certification to investors alleging the company withheld knowledge of climate change costs and misrepresented those costs publicly. Exxon is arguing that the alleged misrepresentations had no significant impact on the share price of the company’s stock and therefore the plaintiffs should be denied class certification because there […]

Read More

Peabody Energy has agreed to disclose to its shareholders, the public, and the SEC, climate-related business risks going forward. In particular, the disclosures will address regulations concerning carbon emissions from coal businesses, like Peabody’s. In the past, Peabody claimed it did not have the ability to predict how much increased cost to the business would be incurred by climate change regulations. However, internally, Peabody had projected a one-third drop in […]

Read More