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Exxon Found Not Guilty of Fraud in Climate-Change Accounting Case

A New York state judge cleared Exxon Mobil Corp. of fraud claims, saying New York’s attorney general had failed to establish that the oil giant had deceived investors about how it accounted for the cost of future climate-change regulation. The verdict Tuesday capped a nearly three-week civil trial between the state and Exxon, which had…

A New York state judge cleared Exxon Mobil Corp. of fraud claims, saying New York’s attorney general had failed to establish that the oil giant had deceived investors about how it accounted for the cost of future climate-change regulation.

The verdict Tuesday capped a nearly three-week civil trial between the state and Exxon, which had spent several years fighting the case. The company is battling similar accusations in other state and federal courts.

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