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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: louel who wrote (139113)	2/8/2018 3:04:22 PM
From: Elroy Jetson	Respond to of 218543

Chevron's provided a novel response to lawsuits by the cities of San Francisco and Oakland, blaming "the nuisance of global warming" on decades of fossil fuel production. Chevron sued Oslo-based Statoil, calling it "one of many" oil producers that should help foot the bill if the industry is found liable. Several of the biggest — BP, ConocoPhillips, Exxon Mobil Corp. and Royal Dutch Shell — were already named by the cities as defendants. Adding foreign companies to the litigation is a tactical maneuver to keep the dispute out of state court, where the cities have more favorable prospects, and force it into federal court. If Chevron Corp. has caused climate change and needs to pay for its damage, so should pretty much every company that has ever explored for oil and gas near North America, as well as manufacturers of cars and equipment that burn fuel, plus consumers. The cities are trying to make the companies pay into a fund for infrastructure needed to adapt to global warming, like sea walls for rising ocean levels. Similar complaints were filed by at least five other California cities and counties, as well as New York City. Several judges have seen previous climate suits as a political issue, and determined they would be "better resolved by legislatures or agencies," said Emily Hammond, an energy and environment law professor at George Washington University. A federal judge in San Francisco is scheduled to decide Thursday whether the cases should stay there or proceed in the Superior Courts of Alameda and San Francisco counties. Statoil declined to comment. The people who work at Chevron's headquarters in the San Francisco Bay Area are very clever and have a delightful sense of humor.