Big Oil Hit Again For Climate Crisis

Strange Happenings Pexels

States and municipalities have begun a series of lawsuits against Big Oil, the club of multinational crude producers that includes Exxon and Chevron. The argument is that oil companies knew about the negative environmental catastrophes that exploration and production created but kept them from the public. The alternative was to disclose the damage and undermine their revenue.

*Oil’s Success

*Exxon’s Reputation

Those behind the lawsuits hope for a huge national success like the one against Big Tobacco in 1998, which cost the industry over $350 billion. The oil suits have a long way to go. Proving that crude production hurts individuals will be challenging, but the large tobacco companies have substantial war chests to defend themselves. 

Oil Causes Violent Weather

According to Znetwork, “But despite the knowledge that fossil fuel giants like ExxonMobil and Shell had decades ago that drilling for oil and gas would cause “violent weather” and “potentially catastrophic events,” the industry’s profits have only grown as the U.S. has continued to subsidize their pollution-causing activities.”

The news comes as no surprise. As the top executives at oil companies have said in public, the industry has been emboldened by a growing need for oil. Green energy capacity is too small to handle energy demand, and AI companies have begun to search for new sources of electricity. Due to this rising need, crude and coal are still alternatives. 

Big oil can be sued, but the world still needs its products.

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