In Another Blow to Big Oil, US Supreme Court Rejects Effort to Kill Climate Suits

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Original article by Jessica Corbett republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

14.11.22_XR Docs_City of London Mags_Helena Smith_7224
14.11.22_XR Docs_City of London Mags_Helena Smith_7224

“The Supreme Court’s decision brings the people of Delaware and Hoboken one step closer to putting these polluters on trial and making them pay for their climate deception.”

On the heels of similar decisions last month, the U.S. Supreme Court on Monday delivered “another win for climate accountability,” rejecting fossil fuel corporations’ attempt to quash lawsuits filed by the city of Hoboken, New Jersey, and the state of Delaware.

Both filed in September 2020, the suits from Hoboken and Delaware—like those filed by dozens of other municipalities and states—take aim at companies including BP, Chevron, ConocoPhillips, ExxonMobil, and Shell for fueling the climate emergency. The fossil fuel industry has repeatedly tried to evade accountability by shifting such cases from state to federal court.

“We appreciate and agree with the court’s order denying the fossil fuel companies’ petition, which aligns with dozens of decisions in federal courts here in Delaware and across the country,” said Democratic Delaware Attorney General Kathy Jennings in response to Monday’s decision.

The Supreme Court’s decision means that both of these cases will now move forward in state court.

Jennings on Monday cited an opinion piece she wrote for Delaware Online with Shawn Garvin, secretary of the Delaware Department of Natural Resources and Environmental Control, back when they launched the legal effort in 2020:

As we stated at the time of filing this case almost three years ago: “It didn’t have to be this way. The fossil fuel industry knew for decades that their products would lead to climate change with potentially ‘severe’ and even ‘catastrophic’ consequences—their words, not ours. But they didn’t clean up their practices or warn anyone to minimize the peril they were creating. Instead, they spent decades deliberately and systematically deceiving the nation about what they knew would happen if they carried on with business as usual.”

Building on revelations from the past decade that have bolstered climate liability lawsuits, peer-reviewed research published in January shows that ExxonMobil accurately predicted global heating decades ago, while documents released in early April make clear that Shell knew about the impact of fossil fuels even earlier than previously thought.

“Imagine how far along we might be in the transition to a low-carbon economy today if not for their deception,” Jennings said. “That’s why we filed our lawsuit, and today’s order moves Delawareans one step closer to the justice and economic relief that we deserve.”

For Hoboken and Delaware, the high court denied fossil fuel companies’ challenge to decision last year from a panel at the U.S. Court of Appeals for the 3rd Circuit, which wrote in part that “our federal system trusts state courts to hear most cases—even big, important ones that raise federal defenses. Plaintiffs choose which claims to file, in which court, and under which law. Defendants may prefer federal court, but they may not remove their cases to federal court unless federal laws let them. Here, they do not.”

Center for Climate Integrity president Richard Wiles noted Monday that “Big Oil companies keep fighting to avoid trials in state courts, where they will be forced to defend their record of climate lies and destruction in front of juries, but federal courts at every level keep rejecting their efforts.”

“The Supreme Court’s decision brings the people of Delaware and Hoboken one step closer to putting these polluters on trial and making them pay for their climate deception,” Wiles added. “Fossil fuel companies must be held accountable for the damages they knowingly caused.”

After the high court’s April decisions—which involved cases brought by the state of Rhode Island as well as municipalities across California, Colorado, Hawaii, and Maryland—Jamie Henn of Fossil Free Media said, “This should open the floodgates for more lawsuits that could make polluters pay!”

There were no noted dissensions on Monday. However, like last month, Justice Samuel Alito, who owns stock in some fossil fuel companies, did not participate in the decision about these two cases—but Justice Amy Coney Barrett, whose father spent nearly three decades as an attorney for Shell, did.

Original article by Jessica Corbett republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

Continue ReadingIn Another Blow to Big Oil, US Supreme Court Rejects Effort to Kill Climate Suits

Shell slammed over eye-watering profits amidst cost of living crisis

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https://leftfootforward.org/2023/05/shell-slammed-over-eye-watering-profits-amidst-cost-of-living-crisis/

“One of the corporate scandals of our times”

Earlier this week, BP announced it had secured £4 billion in profits in the first three months of 2023. Today, another fossil fuel giant has confirmed its staggering profits. Shell made record breaking profits of £7.6 billion in the first quarter of the year.

The news has been met with outrage from trade unions who have slammed the government for not taking action on energy firm profiteering in the middle of a cost of living crisis partially driven by high energy bills.

TUC general secretary Paul Nowak said: “These sky-high profits beg the question – will the government ever have the backbone to tax the energy giants properly? While families across Britain have struggled to heat their homes, Shell have enjoyed a record cash bonanza.

“Our energy market is fundamentally broken. Struggling households shouldn’t be lining the pockets of shareholders and fat cat CEOs. We could all have lower bills if government taxed excessive profits, introduced a social tariff and created public ownership of new clean power. It’s time to end the energy racket.”

https://leftfootforward.org/2023/05/shell-slammed-over-eye-watering-profits-amidst-cost-of-living-crisis/

Continue ReadingShell slammed over eye-watering profits amidst cost of living crisis

Greenpeace ends oil rig occupation as Shell launches legal action to sue group

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Greenpeace activists in inflatable boats approaching Shell platform Image: Alice Russell / Greenpeace

https://morningstaronline.co.uk/article/b/greenpeace-ends-oil-rig-occupation-as-shell-launches-legal-action-to-sue-group

ENVIRONMENT activists ended their occupation of a 34,000-tonne oil rig today as it arrived in Norway.

But multibillion-pound energy corporation Shell is suing campaign group Greenpeace for more than £100,000 in compensation for costs incurred by the operation, including extra security.

Six activists began their occupation north of the Canary Islands as it was being towed to Haugesund in south-west Norway.

The occupiers boarded the rig from sea-going dinghies in a daring raid on January 31.

In a final stand at 10.30am at Haugesund today, the occupiers climbed the platform’s 125-metre flare boom and waved a banner saying “Stop drilling. Start paying.”

https://morningstaronline.co.uk/article/b/greenpeace-ends-oil-rig-occupation-as-shell-launches-legal-action-to-sue-group

Continue ReadingGreenpeace ends oil rig occupation as Shell launches legal action to sue group

Institutional investors back Shell board lawsuit over climate risk

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Just Stop Oil protesting in London 6 December 2022.
Just Stop Oil protesting in London 6 December 2022.

https://www.reuters.com/business/sustainable-business/institutional-investors-back-shell-board-lawsuit-over-climate-risk-2023-02-09/

LONDON, Feb 9 (Reuters) – A group of European institutional investors is backing a novel London lawsuit against energy giant Shell’s (SHEL.L) board over alleged climate mismanagement in a case that could have far-reaching implications for how companies tackle emissions.

British pension funds London CIV and Nest, Swedish pension fund AP3, French asset manager Sanso IS, Degroof Petercam Asset Management in Belgium and Denmark’s Danske Bank Asset Management and Danica Pension and AP Pension are among those to have written letters supporting the claim.

The investor group has around 450 billion pounds ($543 billion) in assets under management collectively, and owns about 12 million of Shell’s 7 billion shares.

London CIV said its Shell stake was a “primary hotspot of risk and exposure within our portfolio”.

“We hope the whole energy industry sits up and takes notice,” added Mark Fawcett, Nest’s chief investment officer.

https://www.reuters.com/business/sustainable-business/institutional-investors-back-shell-board-lawsuit-over-climate-risk-2023-02-09/

Continue ReadingInstitutional investors back Shell board lawsuit over climate risk

Huge oil and gas profits should be returned to climate change victims, campaigners urge

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https://morningstaronline.co.uk/article/b/huge-oil-and-gas-profits-should-be-returned-climate-change-victims

Demonstrators participate in a Fridays for Future protest calling for money for climate action at the COP27 U.N. Climate Summit, Friday, Nov. 11, 2022, in Sharm el-Sheikh, Egypt.

HUGE profits declared by oil and gas firms should be channelled towards compensating for the loss and damages suffered by victims of climate change, campaign group Greenpeace has urged.

Following Shell’s announcement last week of its record high profits of £32.2 billion last year, BP is expected to announce record profits of its own tomorrow.

The firm has already announced more than £20bn profit for the first three quarters of last year.

Collectively, energy giants Shell, BP, Chevron, Exxon, and Total are believed to have pocketed almost £166bn in profits last year, said Greenpeace.

https://morningstaronline.co.uk/article/b/huge-oil-and-gas-profits-should-be-returned-climate-change-victims

Continue ReadingHuge oil and gas profits should be returned to climate change victims, campaigners urge