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Supreme Court Takes Up Exxon, Suncor Climate Lawsuit Challenge
Original: Supreme Court takes up Exxon, Suncor challenge to climate lawsuits (XLE:NYSEARCA)
The US Supreme Court has agreed to hear a challenge from ExxonMobil and Suncor Energy against climate-related lawsuits seeking to hold oil companies liable for climate change damages. The cases, brought by states and municipalities, could determine whether such claims belong in state or federal courts, a question with major implications for the energy industry and dozens of pending climate liability suits.
Why now: The Supreme Court's decision to take the case could reshape the viability of climate liability lawsuits against major oil companies.
US Supreme CourtExxonMobilSuncor Energy
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