ExxonMobil and its auditor PricewaterhouseCoopers LLP must comply with a subpoena issued as part of New York Attorney General Eric Schneiderman’s climate fraud probe, The New York Supreme Court ruled Wednesday. Last November, Schneiderman subpoenaed Exxon following allegations that it lied to its investors about the risks of carbon emissions and climate change. A second subpoena, issued in August, seeks documents related to PwC’s work for the oil giant. Schneiderman’s office said Wednesday that Exxon had refused to permit PwC to fork over documents, claiming a statute in the oil and gas company’s home state of Texas, not New York, creates an accountant-client privilege. Manhattan Supreme Court Justice Barry Ostrager rejected Exxon’s interpretaxtion, ruling that New York law, which does not recognize an accountant-client privilege, applies to Schneiderman’s subpoena.

Source: Huffington Post October 27, 2016 09:35 UTC