Storebrand, a Norwegian asset manager, divested from miner Rio Tinto, as well as US oil giants ExxonMobil and Chevron, as part of a new climate policy targeting companies that use their political clout to block green policies.
The lawsuit, filed in state court, alleges violations of state laws pertaining to consumer fraud, deceptive trade practices, and false advertising. Minnesota attorney general Keith Ellison says the companies devised plans to deceive the public about climate change science.
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