Exxon's campaign of misinformation verified
We've all known it for a long time, but Harvard has verified that ExxonMobil has been misleading the public in relation to climate change. Their internal studies do not match their external rhetoric.
What's also surprising (and the SEC should look into this) is that they also knew about the risks of stranded assets. The stranded asset risk is basically the risk that is created because their underground assets (oil/gas) cannot be extracted because of factors including regulation, etc. This is material information that should be shared with investors!
Just another reason why we continue to advocate for fossil fuel divestment in investment portfolios.