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Golden State Goes After Oil Giants: Lawsuit Targets Profits From Misleading On Climate Change

On Monday, California Attorney General Rob Bonta filed an amended complaint targeting major fossil fuel companies like Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX), Shell plc (NYSE:SHEL), BP p.l.c. (NYSE:BP), ConocoPhillips (NYSE:COP), and the American Petroleum Institute (API). The amendment requires these companies to forfeit profits earned through illegal activities. Related: Battleground For Oil Majors: BP Activist Investor Calls For Cut In Green Energy Pledges The complaint, filed in San Francisco County Superior Court, also highlights recent instances of false advertising and greenwashing by the oil companies. In September 2023, the Attorney General filed a lawsuit alleging that five major fossil fuel ...