ExxonMobil sues California over climate disclosure laws, launches carbon accounting coalition
“Nothing says climate progress like ExxonMobil and ADNOC Group explaining carbon accounting to the rest of us."
US oil major ExxonMobil has filed a legal complaint against the state of California over its upcoming climate disclosure laws, a week after launching a new carbon accounting coalition with the argument that the world does not currently have an accurate system to know where emissions are coming from.
“California enacted two statutes that purport to require ExxonMobil to serve as a mouthpiece for ideas with which it disagrees,” the company states in a complaint filed with the US District Court for the Eastern District of California, referring to California’s SB 253 and SB 261. The two laws will require companies to disclose their emissions as well as climate-related financial risks from 2026.
