Exxon Blasts NY Prosecutor's Climate Probe as 'Reckless'
New York Attorney General Eric Schneiderman has requested more materials from the oil producer as part of an ongoing probe that has already reviewed nearly 3 million documents. The attorney general, who also wants to interview Exxon employees, has said Exxon withheld information about its internal climate change discussions and misled the public about what it knew. In a court filing on Friday, Exxon blasted what it called "reckless and false allegations" from Schneiderman and said it has not withheld information.
Exxon Asks Court to Toss NY Climate Change Case
Exxon Mobil Corp asked a federal court on Monday to throw out a subpoena from New York State that would force the oil company to hand over decades of documents as part of a wide-ranging inquiry into whether it misled investors about climate change risks. The filing means Exxon has now requested the U.S. District Court in Fort Worth, Texas for injunctions against two major climate subpoenas: one issued by New York and another from Massachusetts that the company challenged in June.
U.S. Investor sues OAS
U.S. investment firm Huxley Capital Corp filed a lawsuit on Thursday in a New York court against Brazilian construction group OAS SA, alleging the debt-laden company is hiding assets from creditors at two valuable subsidiaries. The defendants in the lawsuit, filed in Manhattan federal court, are OAS and subsidiaries Construtora OAS SA, OAS Investimentos SA, OAS Infraestrutura SA and OAS Engenharia e Construção SA, court documents showed. Huxley alleged that OAS transferred assets from Construtora OAS and OAS Investimentos to protect them from bondholders.
Providence, RI sues Petrobras
The U.S. city of Providence, Rhode Island, is suing Brazil's state-run oil company Petroleo Brasileiro SA and some of its executives for bond losses stemming from an alleged kickback and bribery scheme, a leading Brazilian newspaper reported on Friday. The court case is the latest problem for Petrobras , whose stock price has recently fallen to its lowest in nearly 10 years as a widening corruption probe caused the company to delay the release of its third-quarter earnings. Petrobras has already been sued by several U.S.
Flirting with Default, Argentina Enjoys Oil Drilling Boom
Holders of Argentina's defaulted debt and their supporters have warned the country risks being frozen out from international capital markets unless it finds a way to solve its legal problems by the July 30 deadline. But away from the bad-tempered litigation in U.S. courts, which has dominated the news about Argentina for months, the country is experiencing an oil drilling boom as international companies seek to cash on its huge shale resources. In June…
