ExxonMobil claims California climate disclosure laws violate First Amendment rights in lawsuit
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ExxonMobil has sued the state of California, alleging that two climate change laws infringe on the company’s right to free speech, according to multiple outlets.The company filed the complaint in the U.S. Eastern District Court for California on Friday, claiming the new laws force it to agree with the state’s viewpoint on climate change, specifically that oil and gas corporations take particular blame, according to Bloomberg.One of the bills requires large companies doing business with the state to disclose their greenhouse emissions each year.The second law requires businesses doing more than $500 million with the state to write a report every other year on how climate change could affect its business.MAJOR BUSINESS GROUP INTERVENES TO BLUNT NEWSOM LAWSUIT ATTEMPTING TO REINSTATE EV MANDATESBoth laws require ExxonMobil to comply with California’s Greenhouse Gas Protocol and Task Force on Climate-related Financial Disclosures, which the company reportedly claims forces it to take blame for global warming."ExxonMobil understands the very real risks associated with climate change and supports continued efforts to address those risks," the company said in its filing, according to Bloomberg. "California may believe that companies that meet the statutes’ revenue thresholds are uniquely responsible for climate change; but the First Amendment categorically bars it from forcing ExxonMobil to speak in service of that misguided viewpoint."ExxonMobil was not immediately available for comment on Saturday.FOX Business has reached out to California Gov. Gavin Newsom’s office for comment.The company also claimed in the filing that one of the state laws conflicted with a federal law that regulates what companies must disclose about climate and financial risks, according to Bloomberg.The company has asked the court to prevent the laws from going into effect in 2026.Weiter zum vollständigen Artikel bei FOX Business
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Nachrichten zu ExxonMobil Corp. (Exxon Mobil)
Analysen zu ExxonMobil Corp. (Exxon Mobil)
| Datum | Rating | Analyst | |
|---|---|---|---|
| 01.08.2025 | ExxonMobil Sector Perform | RBC Capital Markets | |
| 06.12.2023 | ExxonMobil Overweight | JP Morgan Chase & Co. | |
| 06.12.2023 | ExxonMobil Buy | UBS AG | |
| 07.06.2022 | ExxonMobil Neutral | Credit Suisse Group | |
| 21.04.2022 | ExxonMobil Outperform | RBC Capital Markets |
| Datum | Rating | Analyst | |
|---|---|---|---|
| 06.12.2023 | ExxonMobil Overweight | JP Morgan Chase & Co. | |
| 06.12.2023 | ExxonMobil Buy | UBS AG | |
| 21.04.2022 | ExxonMobil Outperform | RBC Capital Markets | |
| 30.03.2022 | ExxonMobil Overweight | JP Morgan Chase & Co. | |
| 10.03.2022 | ExxonMobil Overweight | Barclays Capital |
| Datum | Rating | Analyst | |
|---|---|---|---|
| 01.08.2025 | ExxonMobil Sector Perform | RBC Capital Markets | |
| 07.06.2022 | ExxonMobil Neutral | Credit Suisse Group | |
| 01.02.2022 | ExxonMobil Sector Perform | RBC Capital Markets | |
| 01.02.2022 | ExxonMobil Hold | Jefferies & Company Inc. | |
| 19.01.2022 | ExxonMobil Sector Perform | RBC Capital Markets |
| Datum | Rating | Analyst | |
|---|---|---|---|
| 02.12.2021 | ExxonMobil Underperform | RBC Capital Markets | |
| 29.10.2021 | ExxonMobil Underperform | RBC Capital Markets | |
| 02.06.2021 | ExxonMobil Underperform | RBC Capital Markets | |
| 30.04.2021 | ExxonMobil Underperform | RBC Capital Markets | |
| 04.03.2021 | ExxonMobil Underperform | RBC Capital Markets |
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