Market Chatter: California to Wrap Up Investigation Into Exxon's Alleged Role in Plastic Waste by Summer-June 2024-www.financetom.com

Market Chatter: California to Wrap Up Investigation Into Exxon's Alleged Role in Plastic Waste by Summer

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Market Chatter: California to Wrap Up Investigation Into Exxon's Alleged Role in Plastic Waste by Summer

Apr 23, 2024 11:22 AM

01:50 PM EDT, 04/23/2024 (MT Newswires) -- California will wrap up its two-year investigation into Exxon Mobil's ( XOM ) role in plastic pollution by summer and decide then whether to file a lawsuit against the oil giant, Reuters reported Monday, citing state Attorney General Rob Bonta.

The state subpoenaed Exxon for documents after launching its investigation into the oil and petrochemical industry's role in worsening plastic pollution in 2022.

Exxon previously rejected the state's allegations.

Exxon and the Office of California's Attorney General did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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