David Johnson, who follows us on Facebook, brought our attention to this article, which demonstrates that some California cities, including San Francisco, which with Oakland is suing five major oil companies including ExxonMobil, alleging that the companies suppressed from their stockholders what they knew about the risks of climate change to their stocks' future value, are guilty of exactly that practice themselves in dealing with their bondholders. Here's the essence of the story: ... consider … [Read more...]