ExxonMobil has won a court battle in New York, after being accused of misleading investors about the costs of addressing climate change. The state argued the oil giant used two figures to calculate the risks of climate change, and thus misrepresented the cost in public disclosures. Exxon said the two figures served two different purposes, and a New York judge said the evidence supported this claim. Exxon had called the suit politically motivated, and hailed the victory. “Today’s ruling affirms the position ExxonMobil has held throughout the New York Attorney General’s baseless investigation,” it said. “We provided our investors with accurate information on the risks of climate change.” New York Attorney General Letitia James said that despite her loss in court, the case had forced Exxon to “answer publicly” about its decision-making related to climate change. “We will continue to fight to ensure companies are held responsible for actions that undermine and jeopardize the financial health and safety of Americans across our country, and we will continue to fight to end climate change,” she said in a statement.

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