SEC, under Trump-appointee chairman, drops investigation of ExxonMobil climate-risk reporting

Union of Concerned Scientists: “The Trump administration is the fossil fuel industry’s fairy godmother, so it’s no surprise.” Jay Clayton took over as chairman in May 2017.

Surprise, no. Disappointment, yes. The investigation was launched in January 2016. At the time, many climate activists like me thought they were on the ropes, potentially facing charges of securities fraud.

Image: Barrons

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