As Climate Lawsuits Ramp Up Against Oil and Gas, So Could Energy Costs

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States are not just suing oil and gas companies; they are also lodging climate-related lawsuits against food companies.

As U.S. oil, gas, and coal companies struggle under an array of regulations and permitting roadblocks, they also face new challenges from climate activists in the form of lawsuits, fines, taxes, and shareholder activism from blue-state pension funds.

Meanwhile, U.S. states increasingly are set against each other, with liberal states leading the charge against fossil fuel companies, while red states attempt to defend them.

Starting in 2018, states including New York, Rhode Island, Massachusetts, Minnesota, Delaware, Connecticut, and California, as well as the District of Columbia, began filing lawsuits against energy giants ExxonMobil, Chevron, ConocoPhillips, Sunoco, BP, and others.

Oil companies also face legal action from dozens of cities, including Honolulu; Chicago; Baltimore; New York City; Charleston, South Carolina; San Francisco; Oakland, California; and Boulder, Colorado.

Analysts say there are multiple goals driving these suits.

“It’s partly ideological, trying to drive these companies out of business,” Kenny Stein, policy vice president at the Institute for Energy Research, told The Epoch Times. He also said he believes it has to do with consumers’ use of fossil fuels.

“These governments are trying to mandate that people use less oil and less natural gas, but people want to heat their homes as much as they want, they want to drive as far as they want,” Mr. Stein said. “If the state banned the sale of oil, the population would revolt, so this is their backdoor way of trying to impose their will.”

Many of the climate lawsuits assert that pollution caused by oil companies creates a “public nuisance” and the companies intentionally deceived the public about the harmful effects when they caused global temperatures to rise.

The activist organization Climate Analytics tried to calculate the alleged damages.

This is simply a strategy for the left to accomplish what they’ve been unable to do in Congress through the ballot box

Steve Marshall, Alabama Attorney General

“Between 1985 and 2018, we estimate partial damages of the combined CO2 emissions from 25 companies—oil and gas carbon majors—of about $20 trillion USD,” Climate Analytics states.

By Kevin Stocklin

Read Full Article on TheEpochTimes.com

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