state oil companies

Azerbaijan's state oil company Socar will lower fuel prices at its Italian service stations, following a similar announcement by Eni. The price cuts ease pressure on Prime Minister Giorgia Meloni's government, which had faced calls to impose a windfall tax on energy companies ahead of the next election.

Supreme Court Justice Samuel Alito has recused himself from a case that could determine whether climate lawsuits against major oil companies move forward. The case is seen as pivotal for dozens of state and local governments seeking damages from energy companies over climate change. Alito gave no public explanation for stepping aside, and his absence leaves the court with eight justices weighing the dispute.

Energy industry interests are asking the US Supreme Court to take up a case that could shield oil companies from climate-related lawsuits. According to Vox, the request is being described as audacious, with critics saying the industry is seeking to escape accountability in state courts where dozens of cities and states are suing over climate damages.

Supreme Court Justice Samuel Alito has recused himself from the Suncor climate liability case, according to Bloomberg Law. The case involves claims against oil company Suncor over climate change damages. Without stating a reason, the recusal reduces the Court to eight justices for the matter and follows earlier recusals in similar oil industry climate cases.