California sues five oil majors over accusations they concealed climate change risks
Financial World 2023-09-18 07:41:41
It was reported on the 16th local time that the California government in the United States sued five major oil companies on the 15th, accusing these companies of downplaying the climate change risks posed by fossil fuels, deceiving the public, and causing tens of billions of dollars in losses.
It is reported that the five oil companies sued include Exxon Mobil, Shell, Chevron, BP and ConocoPhillips. . The American Petroleum Institute, an industry trade group, is also named as a defendant in the case.
California is at risk from disasters such as wildfires and flooding caused by climate change. In the lawsuit, the California government seeks to establish a disaster mitigation fund funded by the defendants to pay for future losses caused by climate-related disasters in the state.
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2023-09-17 23:41:41
