SEC’s Exxon Probe: the ‘Tipping Point’ for Oil & Gas Climate Change Accounting? | Environmental Leader

ExxonMobil’s climate change accounting is under investigation by the US Securities and Exchange Commission — and this could have major implications for the oil and gas industry, the Wall Street Journal reports.

The SEC probe is focusing on how Exxon calculates its business risk from climate change, including the figures it uses to project future costs of complying with emissions regulations.