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Oil Companies Hit With Climate Change Fraud Lawsuit in Chicago - Bloomberg Law

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Oil Companies Hit With Climate Change Fraud Lawsuit in Chicago

The city of Chicago on Tuesday launched a new climate fraud lawsuit against major oil and gas companies, using local laws to claim the companies deceived consumers about the climate crisis.

The Second City is the latest plaintiff to levy a challenge against energy companies including

“Evidence shows that these Defendants intentionally misled Chicago residents about the climate change-related dangers associated with their oil ...

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Related Knowledge Center: ENERGY BASICS: petroleum

State of Play

While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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