complaint

Exxon Investor Filed Securities Class Action for Failure to Disclose Climate Risks

Securities fraud class action against Exxon Mobil Corporation (Exxon) alleging that Exxon failed to disclose climate risks.

Ramirez v. Exxon Mobil Corp.

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Litigation

Sabin

Sabin Litigation

memorandum opinion and order

Texas Federal Court Declined to Certify Class for Investors’ Securities Fraud Claims Regarding Exxon’s Alleged Misstatements Regarding Proxy Cost of Carbon

order

Texas Federal Court Declined to Reconsider Denial of Exxon Motion to Dismiss Securities Fraud Class Action

reply

Ramirez v. Exxon Mobil Corp. - reply

opposition

Ramirez v. Exxon Mobil Corp. - opposition

motion

Ramirez v. Exxon Mobil Corp. - motion

request

Ramirez v. Exxon Mobil Corp. - request

response

Ramirez v. Exxon Mobil Corp. - response

supplement

Ramirez v. Exxon Mobil Corp. - supplement

Ramirez v. Exxon Mobil Corp. - order

Plaintiff in Securities Action Against Exxon Said Decision Against New York Attorney General Should Not Affect this Case

brief

Ramirez v. Exxon Mobil Corp. - brief

Exxon Said New York State Court’s Rejection of Attorney General’s Fraud Claims Required Dismissal of Securities Fraud Action in Texas Federal Court

memorandum of law

Ramirez v. Exxon Mobil Corp. - memorandum of law

Texas Federal Court Rejected Exxon Request for Reconsideration or Interlocutory Appeal of Decision Allowing Securities Fraud Lawsuit

answer

Ramirez v. Exxon Mobil Corp. - answer

Exxon Sought Reconsideration of Texas Federal Court’s Decision to Let Securities Fraud Case Proceed

Texas Federal Court Allowed Securities Fraud Suit to Proceed Against Exxon

Plaintiff Opposed Exxon’s Motion to Dismiss Securities Class Action

motion to dismiss

Exxon Asked Federal Court to Dismiss Securities Class Action

Consolidated Complaint Filed in Securities Class Action Against Exxon

stipulation

Ramirez v. Exxon Mobil Corp. - stipulation

Filing Year For Action

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An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

Policy instruments are techniques or tools used by governing authorities to promote certain policies in order to achieve predetermined goals. Put simply, instruments are how a government tries to achieve its goals, with this taxonomy being focused on national policy instruments.

Risk is the potential for adverse consequences resulting from the dynamic interplay between (climate-related) hazards, exposure, and vulnerability of affected human or ecological systems.

Groups  of people who are adversely affected by climate change or the response to it

A set of principles, processes, and practices that build economic and political power to shift from an extractive economy to a regenerative economy.

Renewable energy means all forms of energy produced from renewable sources in a sustainable manner.

Fossil fuel is a generic term for non-renewable energy sources such as coal, fossil gas, and oil (including crude oil, and petroleum products), that can be used for electricity and heat generation. Fossil fuels are hydrocarbons formed from pressurised and heated organic material buried over millions of years.

Molecules in the atmosphere that play a key role in the greenhouse effect by trapping heat radiating from Earth’s surface.

Area of the economy in which actors engage in identical or related activities.

In human systems, the process of adjustment to actual or expected climate change and its effects, in order to moderate harm, increase resilience or exploit beneficial opportunities. In natural systems, the process of adjustment to actual climate change and its effects; human intervention may facilitate adjustment to expected climate change and its effects.

The management and allocation of funds, assets and investments to meet various objectives

A long-lived, colourless gas, chiefly emitted from fossil fuel combustion, deforestation and cement production.

Slow onset events evolve gradually from incremental changes over many years or from increased frequency or intensity of recurring events. As defined in the Cancun Adaptation Framework (2010), slow onset events include risks and impacts from rising temperatures, desertification, biodiversity loss, land and forest degradation, glacial retreat, ocean acidification, sea level rise, and salinization.

Any compulsory, unrequited payment to the government levied on corporations or individuals. This can be for environmental reasons, such as introducing a Carbon tax to set a price that emitters must pay for the greenhouse gases they emit.

Tradable permits are market-based tools that grant permission for specific activities, frequently used to regulate emissions. These permits can be issued within a trading system to manage environmental impacts.

Either money or something of monetary value is transferred between two or more organisations, people or countries.

This sector includes firms and individuals offering specialised expertise in fields such as law, accounting, consulting, science and engineering.

Conditions that enhance the feasibility of adaptation options. Enabling conditions include finance, technological innovation, strengthening policy instruments, institutional capacity, multi-level governance and changes in human behaviour and lifestyles.

Activities of businesses and institutions that provide financial services and products to individuals and organisations.

Activities involving the management, development, and sale of property assets.

Actions or measures to adapt freshwater, coastal and marine systems to climate change.

The activities of industries involved in the production, distribution, and sale of energy, including electricity, gas, and renewables.

Oil is a combustible liquid fossil fuel composed mainly of hydrocarbons, occurring as crude oil and refined into petroleum products such as petrol, diesel and kerosene.

Actions or measures to adapt freshwater systems to climate change.

The release of heat-trapping gases, primarily from human activities such as burning fossil fuels, agriculture and industry.

This sector involves activities to move goods and people, alongside the storage of products.

Fossil gas, commonly known as natural gas, is a fossil fuel consisting chiefly of methane with smaller amounts of other hydrocarbons and trace gases, found in underground deposits.

Exxon Investor Filed Securities Class Action for Failure to Disclose Climate Risks

Policy instrument

Risk

Renewable energy

Fossil fuel

Greenhouse gas

Economic sector

Adaptation/resilience

Finance