Should Fossil-Fuel Companies Bear Responsibility for the Damage Their Products Do to the Environment?

Those in favor say the companies knew the damage their products were causing; those against contend that climate change is a matter for public policy, not courtsThe oil-and-gas industry has faced a barrage of lawsuits in recent years from cities, counties and states across the U.S. seeking damages for the costs they say they have incurred as a result of climate change.

Some lawyers are going after big oil firms for securities fraud, saying they knew for decades that climate change posed a material risk to their businesses but failed to fully disclose the danger to investors. Other lawyers are arguing that extracting and selling oil and gas is a public nuisance because it leads to...

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Source: Forbes - 🏆 394. / 53 Read more »