• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

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

by January 15, 2025
written by January 15, 2025

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
0 comment
0
FacebookTwitterPinterestEmail

previous post
USDA documented insects and slime at Boar’s Head plants, records show
next post
BlackRock CEO predicts decade-long recovery from Los Angeles wildfires

You may also like

BASF results down on impairments, restructuring

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025
    • This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

      June 5, 2025
    • OpenAI tops 3 million paying business users, launches new features for workplace

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (503)
    • Stock (6,426)

    Latest News

    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

    Popular News

    • Japan cuts growth forecast again for current fiscal year on weak exports
    • Hedge funds no longer dip buyers ahead of macro catalysts: Barclays

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy