Free Trial

Exxon Mobil Corp. sues California attorney general for defamation over plastic recycling claims

File - A sign marks the entrance to an ExxonMobil fuel storage and distribution facility in Irving, Texas, Jan. 25, 2023. (AP Photo/LM Otero, File)

SAN FRANCISCO (AP) — Exxon Mobil Corp. filed a federal defamation lawsuit against California Attorney General Rob Bonta and several environmental groups, months after Bonta sued the oil and gas giant alleging that it deceived the public for half a century by promising the plastics it produced would be recycled.

The Texas-based company said in its lawsuit, filed Monday in that state's Eastern District, that Bonta, the Sierra Club, San Francisco Baykeeper, Heal the Bay and the Surfrider Foundation conspired to defame it with statements regarding the efficacy of its plastic recycling technology.

“Together, Bonta and the US Proxies — the former for political gain and the latter pawns for the Foreign Interests — have engaged in a deliberate smear campaign against ExxonMobil, falsely claiming that ExxonMobil’s effective and innovative advanced recycling technology is a ‘false promise’ and ‘not based on truth,’” the company said in its lawsuit.

It seeks unspecified damages and retractions of “defamatory statements” from Bonta and the groups.

A spokesperson for the California Department of Justice called the lawsuit “another attempt from ExxonMobil to deflect attention from its own unlawful deception” and said Bonta looks forward to “vigorously litigating” the case.

In its lawsuit filed in September, Bonta's office said that less than 5% of plastic is recycled into another plastic product in the U.S. even though the items are labeled as “recyclable.”

As a result landfills and oceans are filled with plastic waste, creating a global pollution crisis, while consumers diligently place plastic water bottles and other containers into recycling bins, the lawsuit alleges.

Should you invest $1,000 in Exxon Mobil right now?

Before you consider Exxon Mobil, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Exxon Mobil wasn't on the list.

While Exxon Mobil currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Buy And Hold Forever Cover

Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Massive Market Moves Following Trump Win: Tesla, JP Morgan, & Bitcoin Soar

Massive Market Moves Following Trump Win: Tesla, JP Morgan, & Bitcoin Soar

MarketBeat analyst Thomas Hughes breaks down the biggest winners of the day, including Tesla, JP Morgan, and the Russell 2000, and why they’re surging.

Recent Videos

NVIDIA Unveils Game-Changing Tech, But Stock Dips
Rivian Stock Surge Analysis: Long-Term Potential or Short-Term Play?
The Future of Healthcare: 3 AI Stocks Leading the Way

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines