Sentence examples for proxy costs from inspiring English sources

But in many cases, the suit says, the company "applied much lower proxy costs than it represented or no proxy costs at all," which exposed Exxon to greater regulatory risk.

Suppose the market's mean expected costs were lower than the proxy costs but about equal to Exxon's actual cost assumptions.

The court ruled on August 14, 2018 that investors had adequately pleaded claims that Exxon and Exxon officials made material misstatements concerning the company's use of proxy costs for carbon in business and investment decisions.

Assume further, as alleged, that Exxon made a misstatement to the effect that it used the proxy costs set out in the Reports in undertaking the various activities discussed above when, in fact, it did not.

Mr. Tillerson, who went on to serve as President Trump's first secretary of state, "knew for years that the company's representations concerning proxy costs were misleading," according to the complaint.

The other way Exxon could have made a misstatement would be if Exxon made a statement, in the Reports or elsewhere, that, while literally true, created an impression that would have misled a reasonable investor into believing that Exxon was using the proxy costs in undertaking these various activities.

Ms. Underwood alleges that the company's representations "were materially false and misleading because it did not apply the proxy cost it represented" to the public.

According to court filings, Jason Iwanika, a supervisor for Imperial Oil, an Exxon subsidiary in Canada, asked his superiors in the United States whether he should apply Exxon's proxy cost to a project.

The plaintiffs asserted that Exxon's public statements were materially false and misleading because they failed to disclose that Exxon reserves had become impaired due to, among other factors, the proxy cost of carbon.

According to the lawsuit, Exxon took the position that new regulations created little risk to the value of its assets, using a "proxy cost" analysis to evaluate the potential impact on its reserves.

In 2014, the company published a report saying that it had begun to add a "proxy cost" to all of its activities — a notional tax, in anticipation of increased environmental regulations, which sometimes amounted to as much as eighty dollars per ton of carbon emissions.