California sues oil and gas companies over climate destruction

  • 📰 dcexaminer
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 94%

Business News News

Business Business Latest News,Business Business Headlines

California on Saturday filed a sweeping lawsuit against some of the world's largest oil and natural gas companies, blaming them for climate change-related destruction and demanding compensation.

The civil suit, filed in the state Superior Court in San Francisco, accuses the firms of covering up the environmental cost of fossil fuels and seeks the creation of a fund, supported by the companies, that would pay for recovery efforts after storms and wildfires, according to reporting by the Associated Press. Exxon Mobil, Shell, Chevron, ConocoPhillips, and BP are named as plaintiffs.

“This ongoing, coordinated campaign to wage meritless, politicized lawsuits against a foundational American industry and its workers is nothing more than a distraction from important national conversations and an enormous waste of California taxpayer resources,” Ryan Meyers, the institute's senior vice president, said in a statement.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines