engleski

"Failing to disclose” and climate change: environmental or economic crime (case of ExxonMobil)

In November 2015, New York Attorney General started an investigation into whether ExxonMobil made public statements about climate change that conflicted with its own internal research. This investigation attempts to hold companies responsible for their contributions to climate change using laws unrelated to climate change. In present situation, fraudulent misrepresentations to investors may be the most effective legal option for affecting companies’ contributions to climate change (Erickson, 2017). This paper examines whether this approach is in line with the Directive 2014/95/EU of 22 October 2014 that requires issuing non-financial statements containing information relating to environmental matters, social and employee- related matters, respect for human rights, anti-corruption measures. Furthermore, it examines whether this approach could be a more effective one in holding corporations responsible for environmental damages: using provisions of economic crimes, rather than environmental crimes.

failure to disclose, climate change, economic crime

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