Oil Companies Have Severe Legal Trouble

A Montana appeals court upheld a ruling that the state had not done an adequate job of stopping the damage of fossil fuels to the environment. This was particularly true when it came to protecting the rights of young people. Several states, cities, and counties have filed related actions. In many cases, they are aimed directly at the oil companies and claim they know about the damage they do decades ago.
*Oil Company Challenges
Semafor states, “The decision in Held v. Montana also directs state agencies to consider greenhouse gas emissions from proposed development projects.” The publication also states that the law might allow similar filings in other states, including New York and Rhode Island.
The Power Of State Laws
So, fossil fuel companies are being hit on two fronts. First, some states will be told they must do more to reduce pollution. Their only option is to sue companies that will not comply with environmental laws.
The second fossil fuel challenge may be more difficult. These are suits directly against the companies. They say that these firms not only hurt the environment today but have done so for decades and were aware of the harm they caused.
Sponsor
Find a Vetted Financial Advisor
- Finding a fiduciary financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 financial advisors that serve your area in 5 minutes.
- Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. Get on the path toward achieving your financial goals!
More from ClimateCrisis 247
- US Business Hit With $9 Trillion Loss Due To Extreme Climate
- Solar Energy Surges Despite Trump Push Back
- Florida Real Estate Market Trouble
- Canada Hits Michigan And Ohio With 25% Electricity Tariffs