As Climate Lawsuits Ramp Up Against Oil and Gas, So Could Energy Costs

5Mind. The Meme Platform

States are not just suing oil and gas companies; they are also lodging climate-related lawsuits against food companies.

As U.S. oil, gas, and coal companies struggle under an array of regulations and permitting roadblocks, they also face new challenges from climate activists in the form of lawsuits, fines, taxes, and shareholder activism from blue-state pension funds.

Meanwhile, U.S. states increasingly are set against each other, with liberal states leading the charge against fossil fuel companies, while red states attempt to defend them.

Starting in 2018, states including New York, Rhode Island, Massachusetts, Minnesota, Delaware, Connecticut, and California, as well as the District of Columbia, began filing lawsuits against energy giants ExxonMobil, Chevron, ConocoPhillips, Sunoco, BP, and others.

Oil companies also face legal action from dozens of cities, including Honolulu; Chicago; Baltimore; New York City; Charleston, South Carolina; San Francisco; Oakland, California; and Boulder, Colorado.

Analysts say there are multiple goals driving these suits.

“It’s partly ideological, trying to drive these companies out of business,” Kenny Stein, policy vice president at the Institute for Energy Research, told The Epoch Times. He also said he believes it has to do with consumers’ use of fossil fuels.

“These governments are trying to mandate that people use less oil and less natural gas, but people want to heat their homes as much as they want, they want to drive as far as they want,” Mr. Stein said. “If the state banned the sale of oil, the population would revolt, so this is their backdoor way of trying to impose their will.”

Many of the climate lawsuits assert that pollution caused by oil companies creates a “public nuisance” and the companies intentionally deceived the public about the harmful effects when they caused global temperatures to rise.

The activist organization Climate Analytics tried to calculate the alleged damages.

This is simply a strategy for the left to accomplish what they’ve been unable to do in Congress through the ballot box

Steve Marshall, Alabama Attorney General

“Between 1985 and 2018, we estimate partial damages of the combined CO2 emissions from 25 companies—oil and gas carbon majors—of about $20 trillion USD,” Climate Analytics states.

By Kevin Stocklin

Read Full Article on TheEpochTimes.com

Contact Your Elected Officials
The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

‘Radical Right’ Restore Britain: The Remigration Dream Machine?

There is nothing wrong with being white, male, or straight—you are not the problem. The issue lies in systems, not individuals, and flawed DEI policies.

Trump 2.0’s Grand Strategy Against China Is Slowly But Surely Coming Together

Casual observers think Trump acts without strategy, but Trump 2.0 is steadily executing a calculated plan aimed at countering China’s global rise.

From legacy to liability

"When the Washington Post cut a third of its shrinking staff, leaders called it 'strategic restructuring'—like calling an iceberg a 'necessary pivot.'!"

The SCOTUS Trump Tariff Test

There is an old expression that goes "If you're...

SCOTUS Strikes Down Tariffs, Judgment Fund, Citizens Will Pay

Trump tariffs ruled illegal; taxpayers pay twice—higher prices in stores, then again through Judgment Fund payouts for mismanagement.

US Wins Its Record 11th Gold Medal at Winter Olympics

The U.S. Olympic team secured a record 11th Winter Games gold and could add another as men’s hockey faces Canada in the closing title final game.

Secret Service Agents Fatally Shoot Man Trying to Unlawfully Enter Mar-a-Lago

A man was shot and killed by Secret Service agents after allegedly trying to breach a secure perimeter at Trump’s Mar-a-Lago.

Documents Confirm JPMorgan Closed Trump’s Bank Accounts After Jan. 6 Capitol Breach

Court docs reveal JPMorgan Chase informed President Trump one month after the January 2021 U.S. Capitol breach it would close his accounts.

Trump Approves DC Emergency Declaration for Potomac Sewage Spill

President Trump approved an emergency declaration for the DC following a massive raw sewage spill into the Potomac River, the FEMA announced.

US Trade Representative Says Nations Are Not Backing Out of Tariff Deals

U.S. trading partners who made deals under Trump show no plans to exit, even after the Supreme Court struck down most of his tariffs.

DOJ Fires Interim US Attorney Hours After Virginia Court Selects Him

The DOJ announced it fired the interim U.S. attorney for the Eastern District of Virginia just hours after judges on the court made the appointment.

Trump Admin Says Courts Need to Act on Tariff Refunds After Supreme Court Ruling

The White House is awaiting court guidance on tariff refunds after the Supreme Court struck down several import levies last week.

Supreme Court Ruling on Tariffs Won’t Change US–China Trade Relations, Analysts

After the Supreme Court ruled Trump’s IEEPA tariffs unlawful, analysts say U.S.-China trade likely won’t change, as other legal levy options remain.
spot_img

Related Articles

Popular Categories

MAGA Business Central