ExxonMobil files lawsuit against California regarding climate disclosure regulations

Exxon Mobil's Lawsuit: Exxon Mobil Corporation is suing California over two climate disclosure laws, claiming they violate its free speech rights by forcing the company to accept blame for climate change.

Details of the Laws: The laws require large businesses to disclose extensive emissions data and financial risks related to climate change, which Exxon argues would unfairly target large companies and compel them to make speculative disclosures.

Company's Position: Exxon states it has already been transparent about its emissions and risks but disagrees with the new reporting methodologies that it believes disproportionately blame large corporations.

California's Response: A spokesperson for California's governor criticized Exxon for opposing transparency, highlighting the company's significant role in pollution.