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UPDATE 1-District of Columbia sues 4 oil majors for misleading consumers on climate change

Thu, 25th Jun 2020 17:00

(Adds comment from Exxon, comments from Racine press
conference)

By Valerie Volcovici

WASHINGTON, June 25 (Reuters) - The attorney general for the
District of Columbia on Thursday filed a lawsuit against Exxon
Mobil Corp, BP Plc, Chevron Corp, and
Royal Dutch Shell Plc for "systematically and
intentionally misleading" consumers about the role their
products play in causing climate change, the latest action by a
U.S. attorney general against the oil and gas industry.

The lawsuit brought by Attorney General Karl Racine comes a
day after Minnesota AG Keith Ellison filed a lawsuit against the
American Petroleum Institute, Exxon Mobil and Koch Industries
for violating state laws barring consumer fraud, deceptive trade
practices and false advertising.

"The defendants violated the District’s consumer protection
law by concealing the fact that using fossil fuels threatens the
health of District residents and the environment," Racine said
in a statement.

The intent of the legal action is to "end these
disinformation campaigns and to hold these companies accountable
for their deceptive practices,” he said.

Casey Norton, a spokesman for Exxon, said the lawsuit is
part of a "coordinated, politically motivated" campaign against
energy companies.

"The claims are baseless and without merit. We look forward
to defending the company in court," he said..

The other companies were not immediately available for
comment.

Racine told reporters on Thursday that his office only
learned of Minnesota's lawsuit when it was filed yesterday and
had been preparing this long before.

Minnesota and D.C.'s lawsuits are the latest in a string of
legal challenges by states, cities, and citizen groups targeting
fossil fuel companies over their role in global warming.

Counterparts in California, New York and Massachusetts also
filed lawsuits against oil majors but the Minnesota and DC
lawsuits focus on consumer protection.

Racine said the named companies "sought to create a false
picture" about the environmental harm that fossil fuels cause,
even as they "pivot their marketing efforts" to portray their
products as clean.
(Reporting by Valerie Volcovici
Editing by Marguerita Choy)

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Today 10:14

BP profit slides by 40% as refinery outage offsets higher output

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*

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Today 09:09

LONDON MARKET OPEN: Stocks track global equities rise while BP falls

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Today 08:51

TOP NEWS: BP keeps up pace of share buybacks despite profit decline

(Alliance News) - BP PLC on Tuesday launched a fresh share buyback, despite a drop in first-quarter profit due to lower oil and gas prices and weaker fuels margins.

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Today 07:02

BP in $1.75bn buyback as Q1 profits fall on weaker prices, margins

(Sharecast News) - BP reported a worse-than-expected fall in first-quarter profit on the back of lower oil and gas prices, an outage at a US refinery and "significantly weaker" fuels margins as it also started a $1.75bn share buyback.

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Shell to exit South Africa's downstream businesses

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3 May 2024 13:47

British regulator awards more North Sea oil and gas licences

NSTA awards 31 new licences aimed at boosting output

*

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2 May 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 shines but "mixed feelings" after Fed

(Alliance News) - London's FTSE 100 was solidly higher on Thursday, outperforming European peers, as earnings from the likes of Shell and Standard Chartered impressed.

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Sector movers: Oil, Autos drag on FTSE 350

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30 Apr 2024 14:38

UK earnings, trading statements calendar - next 7 days

Wednesday 1 May 
Anexo Group PLCFull Year Results
Cambridge Cognition Holdings PLCFull Year Results
Computacenter PLCTrading Statement
Georgia Capital PLCQ1 Results
GSK PLCQ1 Results
Haleon PLCTrading Statement
HSS Hire Group PLCFull Year Results
Intelligent Ultrasound Group PLCFull Year Results
Maintel Holdings PLCFull Year Results
Next PLCTrading Statement
Smith & Nephew PLCTrading Statement
Thursday 2 May 
Endeavour Mining PLCQ1 Results
First Tin PLCTrading Statement
Hiscox LtdTrading Statement
International Personal Finance PLCTrading Statement
Kerry Group PLCTrading Statement
Lancashire Holdings LtdTrading Statement
Melrose Industries PLCTrading Statement
NAHL Group PLCFull Year Results
Reach PLCTrading Statement
Shell PLCQ1 Results
Smiths News PLCHalf Year Results
Smurfit Kappa Group PLCTrading Statement
Spectris PLCTrading Statement
Standard Chartered PLCQ1 Results
TI Fluid Systems PLCQ1 Results
Friday 3 May 
InterContinental Hotels Group PLCTrading Statement
Mondi PLCTrading Statement
Trainline PLCFull Year Results
Monday 6 May 
no events scheduled 
Tuesday 7 May 
Arecor Therapeutics PLCFull Year Results
BP PLCQ1 Results
Ebiquity PLCFull Year Results
IWG PLCTrading Statement
Kosmos Energy LtdQ1 Results
MaxCyte IncQ1 Results
Trident Royalties PLCTrading Statement
Vaalco Energy IncQ1 Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
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Norway's wealth fund falls short on climate ambitions, NGO says

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24 Apr 2024 19:30

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24 Apr 2024 13:24

Pressure on gas and LNG prices to help switch from coal, says J.P. Morgan

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24 Apr 2024 09:58

Aker BP Q1 beats forecast as costs fall, Tyrving to start sooner

OSLO, April 24 (Reuters) - Norwegian independent oil company Aker BP on Wednesday posted higher-than-expected net profit for the first quarter as costs fell, and said its Tyrving field development could start production sooner than previously planned.

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24 Apr 2024 05:38

Aker BP Q1 beats forecast on record output, lower cost

OSLO, April 24 (Reuters) - Norwegian independent oil company Aker BP on Wednesday posted a higher-than-expected net profit for the first quarter as production hit a record while costs fell.

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