In this Bloomberg podcast, NELC Fellow, Pat Parenteau, provides an overview and analysis of the $1.6B lawsuit the NY Attorney General brought against Exxon Mobil Corp. in a high profile climate-related securities fraud case under NY state law. Did Exxon’s actions cause material harm to investors when they communicated different numbers internally and externally about the cost of carbon. If investors had known would they have put their money elsewhere? At the close of the two week trial, the Attorney General dropped the common law fraud claims, which required a showing of intent to deceive. Parenteau has maintained that this case will have a serious effect on pending litigation against a number of oil companies that focus on the impacts of climate change. The documents that have come to light in this case will be useful in the other cases, even though they involve different laws.