New York AG refuses to comply with U.S. House subpoena on Exxon probe

Reuters

Published Jul 26, 2016 04:03PM ET

New York AG refuses to comply with U.S. House subpoena on Exxon probe

By Valerie Volcovici

WASHINGTON (Reuters) - New York state's attorney general on Tuesday said his office will not comply with a subpoena issued by U.S. congressmen for details on its probe of whether Exxon Mobil misled investors on climate change risks, saying it interferes with the state's "sovereign" interests.

The move by New York Attorney General Eric Schneiderman is the latest in the escalating political and legislative fight over Exxon Mobil (N:XOM) and investigations on whether the oil giant knowingly misled shareholders and the public on climate change.

Earlier this month, the U.S. House of Representatives committee on science, space and technology issued subpoenas to Schneiderman and Massachusetts Attorney General Maura Healy to force them to submit information on their Exxon investigations, accusing the attorneys general of having a political agenda.

Schneiderman said his office refuses to comply with what he called an "unprecedented" subpoena for a state attorney general, and said the committee does not have a constitutional right to interfere with the states' probes.

"The subpoena brings us one step closer to a protracted, unnecessary legal confrontation, which will only distract and detract from the work of our respective offices," Schneiderman said in a 10-page letter to committee chair Lamar Smith of Texas that was posted online by Schneiderman's office.

"The Committee will use all tools at its disposal to further its investigation,” said Kristina Baum, communications director for the House science committee.

Exxon declined to comment.