NEW YORK — A federal judge on Thursday dismissed a lawsuit by Exxon Mobil aimed at stopping an investigation by New York and Massachusetts officials into whether the oil giant misled investors and the public about its knowledge of climate change and how the issue could affect its business. “Exxon’s allegations that the AGs are pursuing bad faith investigations in order to violate Exxon’s constitutional rights are implausible and therefore must be dismissed for failure to state a claim,” Manhattan U.S. District Judge Valerie Caproni said. Healey called it a “turning point” in their investigation and a “victory for the people.”The Irving, Texas-based Exxon said it was reviewing the judge’s decision and evaluating its next steps. “We believe the risk of climate change is real and we want to be part of the solution,” Exxon said in a statement. “We’ve invested about $8 billion on energy efficiency and low-emission technologies such as carbon capture and next generation biofuels.”

Source: National Post March 29, 2018 23:01 UTC