Bloomberg Law
April 1, 2021, 8:42 PM UTC

Oil Giants Win Climate Suit as Judges Push For Political Fix (2)

Chris Dolmetsch
Chris Dolmetsch
Bloomberg News

New York City suffered another setback in its effort to make Exxon Mobil Corp., <-rte-company state="{"_id":"00000178-903e-d81e-ad7f-f27ead750001","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">BP Plc and other energy companies help cover the public costs of dealing with climate change, as a federal appeals court ruled the global problem demands political rather than legal action.

The ruling Thursday by the U.S. Court of Appeals in Manhattan is a warning sign for those trying to use the courts to hold the industry responsible for a problem that could cost taxpayers <-bsp-bb-link state="{"bbDocId":"PXL6LZ6K50YC","_id":"00000178-903e-d81e-ad7f-f27ead780000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">trillions of dollars in coming years. Chevron Corp., <-rte-company state="{"_id":"00000178-903e-d81e-ad7f-f27ead780002","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Royal Dutch Shell Plc and ConocoPhillips were also sued in the ...

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