Puerto Rico Files $1-Billion Climate Lawsuit against Oil Companies

  • 📰 sciam
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Puerto Rico is suing fossil fuel companies over climate damages, saying that the industry knew about the dangers of its products and that the island is paying the price

Kids bike in an area without grid power or running water about two weeks after Hurricane Maria swept through the island on October 5, 2017 in San Isidro, Puerto Rico. The island is seeking to hold the oil industry financially responsible for hurricanes and other disasters that may be worsened by rising temperatures.

But even as oil companies took steps to protect their own assets from climate change, he said, they “failed to truthfully warn Puerto Rican consumers about the consequences of using and burning fossil fuels on the Island, as well as their impact on the environment.” "The challenge of our time is developing technologies and public policies so that the world can produce and use energy in ways that are sustainable for the planet while being affordable to people," Goldberg said."It should not be figuring out how to creatively plead lawsuits that seek to monetize climate change and provide no solutions.”to sue the oil industry this year in an effort to hold energy producers financially accountable for the effects of climate change.

 

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:

 /  🏆 300. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Puerto Rico files $1 billion suit against fossil fuel companiesPuerto Rico filed suit against ExxonMobil, BP, Chevron, Shell, ConocoPhillips, and other energy companies over climate change.
Source: verge - 🏆 94. / 67 Read more »

Puerto Rico files $1B lawsuit against oil companies for damage caused by climate changePuerto Rico claims it spent billions cleaning up disasters induced by climate change as a result of the “lies and deceptions” of oil and gas companies.
Source: 10News - 🏆 732. / 50 Read more »