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Our response to NYAG’s inaccurate claims

June 2, 2017 — For many years, ExxonMobil has applied a proxy cost of carbon to its investment opportunities, where appropriate, in order to anticipate the aggregate financial impact of potential future government policies. ExxonMobil’s external statements have accurately described its use of a proxy cost of carbon, and the documents produced to the Attorney General make this fact unmistakably clear.  

We will respond fully to the Attorney General’s inaccurate and irresponsible allegations about proxy cost in our court filings.

The fact that the Attorney General gave its filing to the media before the court illustrates, once again, this investigation is about politics and publicity, not law enforcement.

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