29 C
Dubai
Thursday, March 20, 2025
spot_img

California sues oil giants over fossil fuel risk minimization

California has initiated a lawsuit against major oil companies, including Exxon Mobil Corp, Shell PLC, Chevron Corp, BP, and ConocoPhillips.

The lawsuit alleges that these energy giants downplayed the risks associated with fossil fuels, resulting in tens of billions of dollars in damage and deceiving the public.

The American Petroleum Institute, an industry trade group, is also named as a defendant. California is seeking the establishment of an abatement fund to cover future damages from climate-related disasters in the state.

This legal action is part of a broader trend of states and municipalities across the United States filing lawsuits against the fossil fuel industry, citing climate impacts and extreme weather.

The defendants have argued that climate change policies should be determined by the federal executive branch and Congress rather than through various court cases.

As of now, responses from the implicated companies and the American Petroleum Institute are pending. Exxon Mobil could not be immediately reached for comment.

Next Article

Related Articles

UAE & U.S. Power Up Global Innovation: $25 Billion Energy Partnership Fuels AI-Driven Growth

UAE and the U.S. have solidified a groundbreaking $25 billion energy partnership, marking a significant milestone in global energy investment. Abu Dhabi’s sovereign wealth fund,...

Red Sea International Airport and Plaza Premium Group Unite to Elevate Luxury Lounge Experience in Saudi Arabia

Red Sea International Airport has taken a significant step toward enhancing passenger experience by partnering with Plaza Premium Group to introduce world-class lounge services...

OECD Unveils Dynamic Economic Outlook: Global Growth Poised for Resilience Amid Evolving Trade Policies

OECD outlook acknowledges risks and challenges, it also highlights opportunities for growth and resilience. By adopting policies that foster innovation, investment, and economic openness,...

Revolutionizing Real Estate: Nikhil Mawale’s Journey with PropertyDrone Realty

In a world where the real estate industry is often seen as traditional and resistant to change, Nikhil Mawale, the founder of PropertyDrone Realty,...

Empowering India’s Pharma Industry: The Journey of PYG Lifesciences

In a world where India is often hailed as the "pharmacy of the world," it’s ironic that the country still relies heavily on imports...

Latest Articles