AGs’ motives questioned as Exxon climate change ‘fraud’ probe recalls tobacco windfall
The Washington Times discusses the attorneys general shake down of Exxon Mobil with Myron Ebell.
“I believe this $800 million settlement gives the Virgin Islands Attorney General a lot of credibility in being involved in the inner circle of this because he’s proved that he can shake down a major company,” said Myron Ebell, director of the Center for Energy and Environment at the Competitive Enterprise Institute, one of Mr. Walker’s targets.
“You need to compare the relative size of the oil industry and the tobacco industry,” Mr. Ebell said. “Tobacco is tiny compared to oil. So if they could get $10 billion out of the tobacco industry, think of what their goals are for the oil industry.”
Mr. Ebell said the playbook for the climate change investigation mirrors that used in the tobacco litigation: First, stop Exxon from defending itself and funding its supporters, and then make a deal.
“Now with the tobacco settlement, there was an actual basis for that case. The tobacco industry had concealed things, it knew about the health effects of smoking tobacco for a long time, and it had lied under oath,” Mr. Ebell said. “This is entirely different, but you can see we’re going down the same road here.”
Read the full article at Washington Times.