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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: the longhorn who wrote (9381)	5/27/2020 1:52:05 PM
From: Kirk ©	1 Recommendation Recommended By the longhorn Read Replies (1) \| Respond to of 26434

My guess is CA and other blue states will try to make up for our pension shortfalls by suing big erhl... State courts are the proper forum for lawsuits alleging oil companies promoted their work as environmentally responsible when they knew it was contributing to climate change, according to the 9th U.S. Circuit Court of Appeals. The suits claim Exxon (NYSE:XOM), Chevron (NYSE:CVX), ConocoPhillips (NYSE:COP), BP (NYSE:BP), Shell (RDS.A, RDS.B) and other major oil companies created a public nuisance and should pay for damage from climate change. The ruling could eventually lead to trials in lawsuits by California cities and counties seeking damages, but in the meantime, it could include a review by a larger 9th Circuit panel and, eventually, review by the U.S. Supreme Court. Gap nearly filled too... but testing 2008/9 lows from below probably more important. Big Oil loses climate ruling: