Fighting suit, Exxon says it is accounting for climate rules

Ted Wells, Jr., center, the lead attorney for Exxon, leaves Manhattan Supreme court after opening arguments in a lawsuit against Exxon, Tuesday in New York.

STATE

NEW YORK (AP) — Exxon Mobil says it has prepared itself for the impact climate change regulations will have on its finances, denying allegations from New York’s attorney general that the energy giant has deceived the public about how stricter emissions rules will affect its business.

Attorney Ted Wells said in a trial that began Tuesday that former Exxon CEO Rex Tillerson created a robust, effective system to account for increasing climate regulations in 2007.

The state has accused Exxon Mobil Corp., which is based in Irving, Texas, of misleading investors about its financial health as governments impose stricter regulations to combat global warming.

The National Weather Service says the tornado that ripped through North Dallas had a maximum wind speed of 140 mph (225 kph).

The agency rated the Sunday night tornado as EF3. It says another tornado in the suburb of Rowlett was EF1, with maximum wind speeds of 100 mph (160 kph).

Tens of thousands of homes and businesses are without power Monday after the swathe of heavy storms hit Dallas before tracking northeast into Arkansas, Oklahoma and Tennessee. Gov. Greg Abbott has issued a disaster declaration for 16 Texas counties.

Dallas Mayor Eric Johnson says the city was very fortunate to have suffered no fatalities or serious injuries.

HOUSTON (AP) — The Houston Police Department has created a new narcotics squad to serve high-risk warrants following a January botched drug raid that left two civilians dead and an officer charged with murder.

Police Chief Art Acevedo confirmed the new unit will begin operations in November, the Houston Chronicle reported. It will not serve so-called no-knock warrants, which are raids in which officers break into a home without warning to execute warrants.

The move is an effort to protect officers from similar incidents in the future, Acevedo said, though he previously noted the raid was not indicative of a systematic problem.

NATION

SAN FRANCISCO (AP) — Hundreds of thousands of Northern California residents braced for another possible power outage as the state’s largest utility warned that a return of dangerous fire weather could prompt shut-offs across 16 counties.

The warning from Pacific Gas & Electric about a possible blackout Wednesday prompted a feeling of resignation among residents and business owners and renewed rushes to stock up on emergency supplies.

“I think it’s not panic per se, just ‘Eh, we gotta do this AGAIN?’” said Kim Schefer, manager of Village True Value Hardware in Santa Rosa.

CANTON, S.D. (AP) — Commissioners in a South Dakota county have approved a conditional use permit for a pumping station needed for an expansion of the Dakota Access Pipeline.

The Lincoln County Board voted 4-1 Tuesday in favor of the proposal. The station would be built near Harrisburg.

Texas-based Energy Transfer announced in June it plans to expand the pipeline’s capacity from more than 500,000 barrels per day to as much as 1.1 million barrels. The pipeline has been moving North Dakota oil through South Dakota and Iowa to a shipping point in Illinois since June 2017.

Biogen Inc. said Tuesday it will seek federal approval for a medicine to treat early Alzheimer’s disease, a landmark step toward finding a treatment that can alter the course of the most common form of dementia.

The announcement was a surprise because the drug company earlier this year stopped two studies of the drug when partial results suggested it was not likely to be successful.

The company now says a new analysis of more results suggest that the drug helped reduce a decline of thinking skills at the highest dose.

The drug, called aducanumab, aims to help the body clear harmful plaques from the brain. Cambridge, Massachusetts-based Biogen is developing it with a Japanese company, Eisai Co. Ltd.

WORLD

SANTIAGO, Chile (AP) — Rioting, arson attacks and violent clashes wracked Chile for a fifth day Tuesday, as the government raised the death toll to 15 in an upheaval that has almost paralyzed the South American country long seen as the region’s oasis of stability.

About half of Chile’s 16 regions remained under an emergency decree and some were a under military curfew, the first — other than for natural disasters — imposed since the country returned to democracy in 1990 following a bloody 17-year dictatorship.

Unrest sparked last week when a relatively minor, less-than-4% rise in subway fares led to students jumping station turnstiles in protest. But the defiance exploded into violence Friday with demonstrators setting fire to subway stations, buses and a high-rise building.

Demonstrations escalated with wide-ranging demands for improvements in education, health care and wages, and spread nationwide, fueled by frustration among many Chileans who feel they have not shared in the economic advances in one of Latin America’s wealthiest nations.

BERLIN (AP) — Swiss prosecutors said Tuesday that they have filed their first indictment in investigations related to the big Brazilian construction company Odebrecht and Brazil’s state-run oil giant Petrobras, charging a suspect with complicity in the bribery of foreign public officials and with money laundering.

The statement from the Swiss attorney general’s office didn’t identify the “financial intermediary,” saying only that he is a Swiss-Brazilian dual citizen. It said that proceedings against him were opened in October 2015 and that it cooperated with Brazilian and Portuguese prosecutors.

Swiss authorities have been conducting investigations since April 2014 related to the sprawling corruption scandal involving Odebrecht and Petrobras.