World

U.S. California goes after major oil companies, big corporations for climate risks

Sep 18, 2023

Sacramento [US], September 18: The U.S. state of California is going after some of the world's largest oil companies, with lawsuit and legislation to hold them accountable for the damage caused by climate change-induced storms and wildfires, officials said Saturday.
In the past week, California, the largest economy in the United States, sued five major oil companies for covering up climate risks caused by fossil fuels and passed a legislation to require companies that operate in the state and make over 1 billion U.S. dollars annually to disclose their greenhouse-gas emissions.
The lawsuit was filed on Friday against oil companies Exxon, Shell, Chevron, ConocoPhillips and BP, as well as their trade group, the American Petroleum Institute (API).
The complaint said the defendants had created a public nuisance, damaged natural resources and state property, and violated California law by misleading state residents with false advertising and misleading environmental marketing.
Source: Xinhua

More news

BOP.in & Gaurs Group introduce their flagship offer "Kaun Banega Car -O- Pati" on the celebration of Independence Day & Raksha Bandhan

Noida (Uttar Pradesh) [India], July 27: In a significant development, BOP.in is presenting the groundbreaking offer "Kaun Banega Car -O- Pati" on the occasion of Independence Day and Raksha Bandhan. The offer starts on 26th July and ends on 25th August along with the 9 years guaranteed income Investment Plan in Gaur World Smart Street project in Greater Noida West. The 9-year investment plan offers assured initial investment return within the first three years, followed by a booster along with market-rate rental income for the next six years. This ensures substantial returns and consistent income throughout the investment period.

Jul 27, 2024