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

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

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.

Columns

Secession’s Hotel California

England’s King George III found out the hard way that the very genesis of the American ethos is running our own affairs liberated from bureaucratic control. 

Vaccine Induced AIDS is a Thing Now

Podcaster Liz Wheeler discusses a Yale Medical School report about mRNA COVID-19 vaccines causing what may now be determined to be "vaccine" induced AIDS.

Feral Pharma-Phile Libs Riot Over RFK Jr. Investigating SSRI Safety

The progressive meltdown ensued after Secretary RFK Jr. confirmed he is going to re-evaluate the scam that is SSRIs, which I have covered at AP previously.

Congressional Millionaires May Get DOGED!

Rumor says 163 members of Congress may undergo a forensic audit by DOGE to determine how their net worth so rapidly outpaced their $174,000 annual salaries.

Savory Schadenfreude: Lib Violins Out For Fired Bureaucrats Crying on TikTok

My friend asked me why I’m riding the Musk/Trump train. I’m not fully on board with Trump/Musk’s agenda and I don’t trust Musk further than I could throw him.

News

Buffett Offers Advice to Trump on Government Spending After Paying $26.8 Billion in Tax

In letter to shareholders, Warren Buffett reflected on Berkshire Hathaway’s successes while offering Trump admin some advice on stewardship of the U.S. economy.

Cartel-Linked Smugglers Arrested in US–Mexico Operation

An enforcement operation conducted as part of a bilateral cooperation between the US and Mexico led to disruptions and arrests in human smuggling operations.

Supreme Court Declines to Allow Trump Admin to Immediately Fire Watchdog Official

The U.S. Supreme Court on Feb. 21 declined to allow the Trump administration to immediately fire Office of Special Counsel chief Hampton Dellinger.

Grenell Outlines Trump’s Plan to Revamp the Kennedy Center

Richard Grenell, interim executive director of the Kennedy Center in Washington, outlined President Donald Trump’s vision for the performing arts venue.

Nation’s Biggest School Districts Stand to Lose Billions Over Trump’s DEI Order

Five largest U.S. public school districts to lose $5 billion in federal funds per year if they don't comply with Trump’s EOs barring ideologies such as DEI.

Los Angeles Mayor Removes Fire Chief Over Alleged Lack of Preparation for Palisades Fire

Mayor of Los Angeles, Karen Bass, removed city’s fire chief because chief had not prepared the dept to fight fires when they broke out earlier this year.

Inflation Expectations Jump to 30-Year High, Consumer Confidence Falls

U.S. consumer confidence tumbled to a 15-month low in Feb, as inflation fears surged and expectations for the broader economy and personal finances deteriorated.

Texas Measles Outbreak Grows to 90 Cases, Health Officials Say

A outbreak of measles cases in western Texas has grown to 90 cases since last month, according to new data released on Friday by state health officials.
spot_img

Related Articles

Popular Categories

MAGA Business Central