Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Stock

New York City lawsuit against Exxon, BP, Shell over climate change dismissed

admin by admin
January 15, 2025
in Stock
0
New York City lawsuit against Exxon, BP, Shell over climate change dismissed
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

NEW YORK (Reuters) – A judge has dismissed New York City’s lawsuit alleging that Exxon Mobil (NYSE:XOM), BP (NYSE:BP) and Shell (LON:SHEL) were liable for misleading the public about their products, and their commitment to renewable energy and fighting climate change.

In a decision on Tuesday, state Supreme Court Justice Anar Patel in Manhattan rejected the city’s argument that the oil companies should have told climate-conscious residents that fossil fuels cause climate change because this information was publicly known.

Patel also found no proof that the companies conducted “greenwashing” campaigns, including statements about clean energy and alternative energy sources, so they could sell more fossil fuel products in the city.

A spokesman for the city’s law department had no immediate comment on Wednesday.

The lawsuit began in April 2021, after a federal appeals court refused to hold Exxon, BP, Shell and two other oil companies liable to pay the city’s costs for addressing harm caused by global warming.

Many U.S. state and local governments have sued oil companies to help pay for and be more forthcoming about climate change.

This post appeared first on investing.com

Previous Post

Canada faces pressure to hold election soon amid Trump tariff threat – Jefferies

Next Post

BlackRock CEO predicts decade-long recovery from Los Angeles wildfires

admin

admin

Next Post
BlackRock CEO predicts decade-long recovery from Los Angeles wildfires

BlackRock CEO predicts decade-long recovery from Los Angeles wildfires

Trending News

Morgan Stanley hikes price targets on networking equipment stocks

Morgan Stanley hikes price targets on networking equipment stocks

October 17, 2024
Meta to build $10B global subsea cable for internet traffic – TechCrunch

Meta to build $10B global subsea cable for internet traffic – TechCrunch

November 29, 2024
Swedish battery maker Northvolt files for Chapter 11 bankruptcy, disrupting Europe’s EV goals

Swedish battery maker Northvolt files for Chapter 11 bankruptcy, disrupting Europe’s EV goals

November 22, 2024
Subscribe to Insightful Word


    Recent News

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    June 6, 2025
    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    June 6, 2025
    Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    June 6, 2025
    Starlink reportedly secures key licence in India, moves closer to launching services

    Starlink reportedly secures key licence in India, moves closer to launching services

    June 6, 2025

    Recent News

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    June 6, 2025
    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    June 6, 2025

    Latest News

    • China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll
    • FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more
    • Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.