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Exxon Mobil flubs its challenge to California disclosure law
SACRAMENTO, Calif. — A federal court in California ruled that a state law, S.B.
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SACRAMENTO, Calif. — A federal court in California ruled that a state law, S.B. 261, does not require companies to disclose climate-related financial risks they face on their websites. Exxon Mobil sued the state over the law, which imposes a fine on firms that do not make such disclosures, arguing the statute is preempted by the National Securities Markets…
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