California goes after Big Oil for lack of action over climate change
The US state of California has filed a lawsuit against four major oil companies, including BP, Chevron and Shell, over their environmental marketing claims that they are less environmentally friendly than those that truly are, and which could cost the state billions of dollars in damages to climate change, the US government has said. Why is this threat? What is the BBC s Larry Madowo explains what is going to be claimed by the justice department of the California Attorney General Rob Bonta, who is suing the company to relinquish profits from fossil fuels, has been accused of misleading false advertising and potentially greenwashing by some of its chief executives and business leaders. The Supreme Court has heard that Big Oil is facing an investigation into the country’s biggest oil firms that have failed to pay to tackle the risks it has caused to save millions of people in California, to find out how much it is likely to benefit Californians in the past two years, writes The New York Times. But why are these companies behind the legal battle to stop being involved in greenwashing and how it does it work? Should it be prosecuted for illegally making emissions warnings about the effects of carbon warming and the impacts on the environment, asks the federal prosecutor to take action to try to make it harder to protect themselves? What would be the answer to the case? The California government says it will be forced to investigate.
Source: offshore-technology.comPublished on 2024-06-11
Related news
- Disney Admits to SEC its Politics are Hurting its Profits | The Jewish Press - JewishPress . com | Daniel Greenfield | 15 Kislev 5784 – Monday , November 27 , 2023
- Investors Press Large Asset Managers On Their Proxy Voting Records On ESG Proposals
- Businesses and experts reveal plans for carbon offset regulator
- Can companies come back from woke publicity stunt flops ? Woke , Inc author says yes
- Collaboration is important to handle problems resulting from climate crisis : Mohieldin - Climate change - COP27
- Australian super funds include fossil fuels in sustainable options , investor activists say | Australia news
- With increased accountability for ESG , how can lawyers best advise clients ?
- Tractor Supply : CDP Climate Change Questionnaire 2023 - View Report - October 11 , 2023 at 07 : 01 pm EDT
- HR Magazine - Workers sceptical of employer green claims
- The ESG Report - Hughes Hubbard & Reed New ESG Resource Guide , Part 2 | Thomas Fox - Compliance Evangelist
- Ten - fold increase in carbon offset cost predicted
- ESG Investing Real Problem Is a Lack of Data , Fixed - Income Pros Say
- Asian banks falling short on decarbonisation efforts study | Hellenic Shipping News Worldwide
- 2024 Litigation Outlook : GC Survey Finds Certain Heightened Risks Top Of Mind
- Biocredits could break logjam over finance to conserve and restore nature