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Oil companies seek legal immunity modeled on gun industry’s shield from lawsuits
3 Articles
3 Articles
Oil companies seek legal immunity modeled on gun industry’s shield from lawsuits
A growing push by fossil fuel companies to gain liability protection echoes the gun industry's successful effort two decades ago to shield itself from lawsuits that seek accountability for public harm.Emily Sanders reports for ExxonKnews.In short:Oil and gas companies are lobbying Congress for legal immunity against lawsuits brought by states and municipalities over the costs of climate change and alleged corporate deception.The strategy closely…
The escalation of the trade war between the United States and China, the world's two largest oil consumers, has put the sector under strong pressure in the face of the increasingly consensual expectation of falling demand and, consequently, lower prices.From Petrobras (PETR3, PETR4) to independent operators – the so-called junior oils – Brazilian companies should not be immune to the current scenario, according to industry experts heard by Bloom…
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