ExxonMobil filed a lawsuit against California in the U.S. Eastern District Court, seeking to block two 2023 climate disclosure laws set to take effect next year.

The giant oil and gas corporation claims the laws infringe on its free speech rights by forcing it to accept a narrative that unfairly blames large companies like itself for climate change.

The big picture: ExxonMobil reports it has already publicly disclosed its greenhouse gas emissions and climate-related business risks for years, but fundamentally opposes the new state-mandated reporting frameworks. • The complaint states California’s requirements unfairly use methodologies that emphasize a company’s global emissions, effectively penalizing firms simply for their size rather than their efficiency or actual emission levels.

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