Home Stock Market California sues oil giants for downplaying dangers posed by fossil fuels By Reuters

California sues oil giants for downplaying dangers posed by fossil fuels By Reuters

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California sues oil giants for downplaying dangers posed by fossil fuels By Reuters

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© Reuters. FILE PHOTO: A basic view of oil drilling gear on federal land close to Fellows, California, U.S., April 15, 2023. REUTERS/Nichola Groom/File Photograph

(Reuters) -The state of California has sued main oil firms together with Exxon Mobil Corp (NYSE:), Shell PLC (LON:), and Chevron Corp (NYSE:), accusing them of taking part in down the dangers posed by fossil fuels, in response to a court docket submitting on Friday.

The lawsuit, which additionally targets BP (NYSE:) and ConocoPhillips (NYSE:), alleges the power giants’ actions have brought about tens of billions of {dollars} in damages and accuses them of deceiving the general public, the submitting in a superior court docket in San Francisco confirmed.

The American Petroleum Institute, an trade commerce group, has additionally been listed as a defendant within the case, in response to the submitting.

California has sought the creation of an abatement fund to pay for future damages brought on by climate-related disasters within the state, the submitting confirmed.

California Governor Gavin Newsom, mentioned in a submit on X, previously generally known as Twitter, “California is taking motion to carry large polluters accountable.”

The authorized motion follows dozens of lawsuits filed in recent times towards the fossil gas trade by states and municipalities throughout the US broadly alleging harms from local weather impacts together with excessive climate.

The American Petroleum Institute mentioned that local weather coverage is for Congress to debate and resolve, not the court docket system, in an emailed response to Reuters.

Shell echoed that sentiment in an emailed assertion, saying “We don’t consider the courtroom is the correct venue to deal with local weather change.”

BP declined to remark whereas Chevron and ConocoPhillips didn’t instantly reply to Reuters requests for remark. Exxon Mobil couldn’t instantly be reached.

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