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Exxon Mobil Corp (NYSE: XOM) is under scrutiny following a lawsuit filed by California's Attorney General, Rob Bonta, who accuses the energy giant of misleading the public about its plastic recycling efforts.
California files a lawsuit against XOM, accusing the company of contributing to global plastic pollution by misleading the public about recycling's effectiveness.
California Attorney General Rob Bonta joins 'Squawk Box' to discuss the state's lawsuit against Exxon Mobil, alleging deception about plastics recycling, the problems with the company's advanced recycling approach, and more.
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Exxon Mobil (XOM) closed the most recent trading day at $117.36, moving +1.81% from the previous trading session.
Exxon deceived the public by falsely claiming in its advertising that all plastic is recyclable, the suit claims.
California has filed a lawsuit against oil giant Exxon Mobil over its alleged role in global plastic waste pollution, its attorney general announced on Monday.
SAN FRANCISCO--(BUSINESS WIRE)--Today, a coalition of non-profit environmental organizations including the Surfrider Foundation, the Sierra Club, Heal the Bay, and San Francisco Baykeeper, represented by Cotchett, Pitre & McCarthy, filed a lawsuit against ExxonMobil (“Exxon”), the world's largest producer of single-use plastic polymers. The complaint, filed in San Francisco County Superior Court, alleges violations of California nuisance law and California unfair competition law and alleges.
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Since Bridgewater Associates founding in 1975, Ray Dalio has grown the investment firm into the world's largest hedge fund with over $124 billion in assets under management (AUM).