(Aug. 3) – The U.S. Securities and Exchange Commission has ended its two-year inquiry into ExxonMobil and how the oil giant factors climate change into the valuation of its corporate assets.
In a letter dated Thursday, SEC Fort Worth Regional Director Shamoil Shipchandler informed ExxonMobil’s outside legal counsel, David Woodcock, that the federal agency has “concluded the investigation” and does “not intend to recommend an enforcement action” at this time.
The letter was addressed to Woodcock, who is a partner in the . . .
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