Not to be left out of the left’s war on energy, New Jersey has become the latest government to sue big oil companies, claiming they hid info showing that oil usage leads to climate-driven natural disasters, resulting in billions in damages.
The suit targets ExxonMobil, Shell, Chevron, BP, ConocoPhillips, and for good measure, the American Petroleum Institute, claiming they breached the state’s Consumer Fraud Act via disinformation campaigns. [emphasis, links added]
It’s almost certain to fail — much as did multiple similar suits alleging the same deceptions (including one by Mayor Bill de Blasio) — but still harm efforts to boost US oil investment and production.
The plaintiffs’ argument is beyond a stretch: They claim oil companies knew burning oil would accelerate climate change but hid the fact. That meant more climate disasters, costing communities billions in damage.
Hello? The entire world has been burning oil and other fossil fuels for centuries. Why are these oil companies to blame?
Nor is there any agreement on the extent of damage caused by climate change, let alone what share these companies have “caused.”
More importantly, the world needs their products and continues to use them willingly, especially since it lacks sufficient supplies of any reliable, economically viable alternative. (New Jersey itself has plenty of state vehicles that still run on gasoline.) Be glad they’ve been meeting public demand.
Plus, as the Manufacturers’ Accountability Project’s Phil Goldberg argues, courts are “not the appropriate places to decide climate policy.”
They can’t “take into account important aspects of America’s energy policy, including affordability for families and businesses, and energy security.”
Even President Joe Biden, who vowed to “end” fossil fuels, has threatened consequences for companies that don’t pump more oil. The companies are damned if they do, damned if they don’t.
For posturing pols, though, the suits are a win-win, even though courts keep tossing them. They shore up their anti-fossil-fuel cred to climate warriors.
And outside groups — like the shadowy Collective Action Fund, bankrolled by deep-pocketed left-wing organizations — pick up legal fees.
And if the courts ever rule for the pols, plaintiffs like New Jersey could win billions. (The lawyers representing them, often from a law firm called Sher Edling, would take a huge chunk.)
Yet customers ultimately pay: “Expensive” judgments against the companies can jack up the cost of gas by as much as 31 cents a gallon, the Lawsuit Reform Alliance reports.
And, again, these cases do nothing to encourage investment in oil production to boost supply and keep prices down; just the opposite.
So if Garden Staters like paying $5 a gallon for gas, they should applaud Gov. Phil Murphy and his Attorney General Matthew Platkin for their legal theatrics. If not, they should remember when next they vote.
Read more at NY Post
All this whole thing is doing is fattening the bank Accounts of the Trial Lawyers I see the usual mindless drivel from some Imbecile on one of the e web pages i go on who claim of Big Oil Propaganda while they believe all the junk they see on See B.S. Sunday Morning
There is absolutely NO BASIS for this lawsuit. Within the past 4 years, the 9th Circuit (in California) and a NY State court found NO EVIDENCE of any collusion or misrepresentation on behalf of Exxon regarding consumer fraud. Just facts. The federal court ruled that climate change, and any attendant risks & impacts are a worldwide phenomenon and best suited for federal legislative remedy. Sound legal reasoning. The NY superior court, again, found NO EVIDENCE of fraud or market manipulation. Exxon produced 4-1/2 MILLION pages of internal documents in their own defense. If there ever was a “WITCH HUNT,” these various ongoing lawsuits (i.e., Baltimore, Massachusetts, Boulder, Connecticut, Marin County, CA) are all misguided and clearly appear to have NOTHING to do with environmental protection. Unfortunately, they seem to be (simply) driven by opportunism & pure GREED…
Correct Randy Every suit of this type has been won by oil. This is simply the NJ taxpayer being bent over and having it put where the sun doesn’t shine. 500 lawyers at the bottom of a lake is a good start.