US supreme court to hear big oil’s bid to block climate damage lawsuits

The US supreme court has agreed to hear a case involving big oil companies Suncor Energy and ExxonMobil, who are trying to block lawsuits at the state level that hold them accountable for climate damage. This case has significant implications for the oil industry and the environment, as it could set a precedent for future climate-related lawsuits. If the oil companies succeed, it could limit the ability of local governments to hold them responsible for the costs of climate change, potentially allowing them to avoid paying for damages.

Why it matters

The US supreme court's decision to hear big oil's bid to block climate damage lawsuits can lead to increased scrutiny and potential liabilities for oil companies. This can negatively impact their stock prices and reputation.

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