EconomyLens.com
No Result
View All Result
Sunday, March 29, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Business

US lawmaker moves to shield oil companies from climate cases

Thomas Barnes by Thomas Barnes
February 12, 2026
in Business
Reading Time: 5 mins read
A A
2
43
SHARES
543
VIEWS
Share on FacebookShare on Twitter

Republicans are moving to block what they describe as 'lawfare against the energy industry'. ©AFP

Washington (United States) (AFP) – A US lawmaker is drafting legislation to block a wave of state and local climate-damage lawsuits against fossil fuel companies, advancing a top priority of the oil and gas industry. Republican Representative Harriet Hageman announced the effort during a hearing on Wednesday, following a letter last year from a group of attorneys general from conservative-led states urging the creation of a federal “liability shield” similar to the one Congress granted gunmakers in 2005.

Related

Two more arrests over attempted attack on US bank HQ in Paris

Sweet heist? Nestle says 12 tonnes of KitKat stolen

Sequins, slogans, conspiracies: Inside the right-wing culture at CPAC

Volkswagen in talks with defence firms on use of Germany plant: CEO

UK PM ‘very keen’ to curb addictive social media after US ruling

Hageman also targeted so-called climate “superfund” laws, enacted in New York and Vermont and under consideration in other states, which require fossil fuel companies to help cover the costs of climate-related damages tied to the destabilization of the global climate system. “Clearly, this is an area in which Congress has a role to play,” Hageman, of the oil-rich western state of Wyoming, told Attorney General Pam Bondi. “To that end, I’m working with my colleagues in both the House and Senate to craft legislation tackling both these state laws and the lawsuits that could destroy energy affordability for consumers.”

Dozens of cases modeled on successful actions against the tobacco industry in the 1990s are playing out in state and local courts — including claims of injuries, failure-to-warn, and even racketeering, meaning acting like a criminal enterprise. Michigan last month sued oil majors in federal court, alleging they had acted as a cartel in an unlawful conspiracy by preventing meaningful competition from renewable energy. Environmental advocates see such lawsuits as crucial means for climate accountability as President Donald Trump’s second term has seen the United States go all-in to boost fossil fuels and block renewables.

Some cases have been dismissed, and none have yet gone to trial — though crucially, the conservative-dominated Supreme Court has repeatedly declined to intervene and block them. Mike Sommers, president of the American Petroleum Institute, the industry’s largest trade group, spoke out against the cases in a keynote address last month. Material on API’s website confirms the group wishes to “Protect US energy producers and consumers from abusive state climate lawsuits and the expansion of climate ‘superfund’ policies that bypass Congress and threaten affordability.”

Richard Wiles, president of the nonprofit Center for Climate Integrity, said in a statement the announcement was proof “the fossil fuel industry is panicking and pleading with Congress for a get-out-of-jail-free card.” Any legislation, however, could face an uphill battle since Republicans only enjoy a slim majority in the House of Representatives and bills normally require 60 votes in the Senate, where they hold 53 seats of the 100 seats.

© 2024 AFP

Tags: climate changefossil fuelslawsuit
Share17Tweet11Share3Pin4Send
Previous Post

Stocks diverge as all eyes on corporate earnings

Next Post

Tech shares pull back ahead of US inflation data

Thomas Barnes

Thomas Barnes

Related Posts

Business

Cathay Pacific raises fuel surcharge on all flights by 34%

March 26, 2026
Business

Day of reckoning arrives for social media after US court loss

March 26, 2026
Business

Internet providers not liable for music piracy by users: top US court

March 25, 2026
Business

Labubu maker Pop Mart’s shares fall 23% despite surging earnings

March 25, 2026
Business

BTS concert drew 18.4 million viewers, says Netflix

March 24, 2026
Business

OpenAI kills Sora video app in pivot toward business tools

March 24, 2026
Next Post

Tech shares pull back ahead of US inflation data

Asian stocks track Wall St down but AI shift tempers losses

Tourists empty out of Cuba as US fuel blockade bites

Asian stocks track Wall St down as traders rethink tech bets

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

96

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Australia to halve fuel tax in response to Middle East war

March 29, 2026

G7 ministers set to tackle financial fallout of Mideast war

March 29, 2026

Trump says Russia can deliver oil to Cuba

March 29, 2026

Philippines oil refinery secures 2.5 mn barrels of Russian crude

March 29, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.