NYC's Climate Lawsuit Dismissed: Is It a Relief for Big Oil?

A New York state court has dismissed the city’s lawsuit against major oil companies, marking a significant setback for climate accountability efforts. The suit, filed in 2021, accused ExxonMobil (XOM) , BP plc (BP) and Shell (SHEL) of misleading the public about the environmental impact of their products. The city alleged that these companies used deceptive marketing tactics to portray themselves as climate-friendly while continuing to invest heavily in fossil fuel production.Big Oil Targeted in the Lawsuit ...