California AG sues top 5 oil companies alleging decades-long false advertising campaign

Saturday that his office is suing the top five oil companies for allegedly misleading the public on climate change.

Bonta says California has spent tens of billions of dollars to combat climate change and is suing to establish a fund financed by the oil companies to further mitigate and adapt to future problems, and "to prevent the companies from making any further false or misleading statements about the contribution of fossil fuel combustion to climate change."

The amount of the fund is yet to be determined, and Bonta adds that the lawsuit will cite specific details as evidence that the oil companies knew their products were harmful to the environment. The press release also highlights an internal Exxon memo from 1978 stating, "[p]resent thinking holds that man has a time window of five to ten years before the need for hard decisions regarding changes in energy strategies might become critical."

South Africa South Africa Latest News, South Africa South Africa Headlines

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

CA Attorney General Rob Bonta speaks on state's lawsuit against big oil companiesCalifornia Attorney General Rob Bonta joins Ross Palombo to discuss a lawsuit filed by the state against some of the world's largest oil companies, which claims that they have been deceiving the American public about the risks of fossil fuels.
Source: CBSLA - 🏆 552. / 51 Read more »