Congressmen who have asked the Securities and Exchange Commission to investigate Exxon now request a similar probe of Shell.
BY DAVID HASEMYER, INSIDECLIMATE NEWS: MAR 7, 2016
Three members of Congress have asked the Securities and Exchange Commission to investigate whether Shell Oil Co. violated securities laws by failing to adequately disclose material business risks from climate change.
Members of the House Oversight and Government Reform Committee, led by California Democrat Ted Lieu, said in a letter to the SEC that Shell understood the consequences of climate change and made business decisions based on that knowledge.
“Yet, Shell funded and publicly engaged in a campaign to deceive the American people about the known risks of fossil fuels in causing climate change,” the lawmakers said in their letter to SEC Chairwoman Mary Jo White.