US Supreme Court Declines To Hear From Oil and Gas Companies
OIL & GAS

US Supreme Court Declines To Hear From Oil and Gas Companies

The Supreme Court said it won't hear an appeal from oil and gas companies trying to block lawsuits seeking to hold the industry liable for billions of dollars in damage linked to climate change. The order allows the city of Honolulu's lawsuit against oil and gas companies to proceed. The city's chief resilience officer, Ben Sullivan, said it's a significant decision that will protect "taxpayers and communities from the immense costs and consequences of the climate crisis caused by the defendants' misconduct." 
The industry has faced a series of cases alleging it deceived the public about how fossil fuels contribute to climate change. Governments in states including California, Colorado and New Jersey are seeking billions of dollars in damages from things like wildfires, rising sea levels and severe storms. The lawsuits come during a wave of legal actions in the U.S. and worldwide seeking to leverage action on climate change through the courts. 

The oil and gas companies appealed to the Supreme Court after Hawaii's highest court allowed the lawsuit to proceed. The companies include Sunoco, Shell, Chevron, Exxon Mobil and BP, many of which are headquartered in Texas. 

The companies argued emissions are a national issue that should instead be fought over in federal court, where they've successfully had suits tossed out. "The stakes in this case could not be higher," attorneys wrote in court documents. The lawsuits "present a serious threat to one of the nation's most vital industries." 

The American Enterprise Institute, a conservative think tank, said declining to hear the Honolulu case now means the companies could face more lawsuits from activists trying to "make themselves the nation's energy regulators." 

"I hope that the Court will hear the issue someday, for the sake of constitutional accountability and the public interest," said Adam White, a senior fellow at the institute. 
The Democratic Biden administration had weighed in at the justices' request and urged them to reject the case, saying it's fair to keep it in state court at this point - though the administration acknowledged that the companies could eventually prevail. 

The incoming Republican Trump administration is expected to take a sharply different view of environmental law and energy production. Honolulu argued it's made a strong case under state laws against deceptive marketing and it should be allowed to play out there. "Deceptive commercial practices fall squarely within the core interests and historic powers of the states," attorneings wrote. Environmental regulations, meanwhile, have not always fared well overall before the conservative-majority court. In 2022, the justices limited the Environmental Protection Agency's authority to regulate carbon dioxide emissions from power plants. In June, the court halted the agency's air-pollution-fighting "good neighbor" rule. 

Justice Samuel Alito recused himself from consideration of the appeal. He did not specify a reason, but he owns stock in companies affected by the lawsuits, according to his most recent financial disclosure.  
Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

The Supreme Court said it won't hear an appeal from oil and gas companies trying to block lawsuits seeking to hold the industry liable for billions of dollars in damage linked to climate change. The order allows the city of Honolulu's lawsuit against oil and gas companies to proceed. The city's chief resilience officer, Ben Sullivan, said it's a significant decision that will protect taxpayers and communities from the immense costs and consequences of the climate crisis caused by the defendants' misconduct. The industry has faced a series of cases alleging it deceived the public about how fossil fuels contribute to climate change. Governments in states including California, Colorado and New Jersey are seeking billions of dollars in damages from things like wildfires, rising sea levels and severe storms. The lawsuits come during a wave of legal actions in the U.S. and worldwide seeking to leverage action on climate change through the courts. The oil and gas companies appealed to the Supreme Court after Hawaii's highest court allowed the lawsuit to proceed. The companies include Sunoco, Shell, Chevron, Exxon Mobil and BP, many of which are headquartered in Texas. The companies argued emissions are a national issue that should instead be fought over in federal court, where they've successfully had suits tossed out. The stakes in this case could not be higher, attorneys wrote in court documents. The lawsuits present a serious threat to one of the nation's most vital industries. The American Enterprise Institute, a conservative think tank, said declining to hear the Honolulu case now means the companies could face more lawsuits from activists trying to make themselves the nation's energy regulators. I hope that the Court will hear the issue someday, for the sake of constitutional accountability and the public interest, said Adam White, a senior fellow at the institute. The Democratic Biden administration had weighed in at the justices' request and urged them to reject the case, saying it's fair to keep it in state court at this point - though the administration acknowledged that the companies could eventually prevail. The incoming Republican Trump administration is expected to take a sharply different view of environmental law and energy production. Honolulu argued it's made a strong case under state laws against deceptive marketing and it should be allowed to play out there. Deceptive commercial practices fall squarely within the core interests and historic powers of the states, attorneings wrote. Environmental regulations, meanwhile, have not always fared well overall before the conservative-majority court. In 2022, the justices limited the Environmental Protection Agency's authority to regulate carbon dioxide emissions from power plants. In June, the court halted the agency's air-pollution-fighting good neighbor rule. Justice Samuel Alito recused himself from consideration of the appeal. He did not specify a reason, but he owns stock in companies affected by the lawsuits, according to his most recent financial disclosure.  

Next Story
Infrastructure Urban

EET Secures $350 Mn Financing For Decarbonisation

EET Fuels, the trading name of Essar Oil - UK, said it has attracted new financing facilities demonstrating market confidence in the company’s decarbonisation strategy, market position and strategic importance. According to the official press release, the company has agreed $350 million in re-financing through a combination of a new bank financing and upsizing of existing trade credit financing facilities in this quarter. This follows the announcement in October 2024 of $650 million in financing facilities including a new receivable facility with ABN AMRO Bank and the extension of ..

Next Story
Infrastructure Energy

MNRE Issues Operational Guidelines for PM-Surya Ghar

The ministry of new and renewable energy (MNRE) has issued operational guidelines for implementing various components under the PM-Surya Ghar: Muft Bijli Yojana. The scheme aims to facilitate the adoption of rooftop solar systems across the residential sector through innovative financing and implementation models. The guidelines detail the implementation of two models for rooftop solar installations. Under the RESCO (Renewable Energy Service Company) model, third-party entities will invest in rooftop solar installations, allowing consumers to pay only for electricity consumed without bear..

Next Story
Infrastructure Energy

BP Warns of Low Profit as Production Falls

BP warned that lower production, weak refining margins and sluggish trading would see its profit in the fourth quarter of 2024 fall from the previous three months. Since taking the helm a year ago, CEO Murray Auchincloss has scaled back the firm's energy transition strategy in an effort to boost profits and regain investor confidence as BP's share lags behind its competitors. A capital markets event previously scheduled for Feb. 11 in New York will instead take place on Feb. 26 in London, BP said, as Auchincloss is recovering from a planned medical procedure. BP said the drop in refi..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000