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Climate Change Exxon Mobil

Mintz

ExxonMobil Files Lawsuit to Block Shareholder Proposal Concerning Greenhouse Gas Emissions

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Over the past few years, activist investors have submitted a number of shareholder proposals to major fossil fuel companies concerning issues relating to climate change. Recently, two such investors submitted a proposal...more

White and Williams LLP

A Changing Climate: the Rising Tide of ESG Liability and Implications for D&O Coverage

The latest legal buzzword, ESG, represents the environmental, social and governance factors that many corporations are now required to consider and disclose alongside traditional financial information such as operating...more

ArentFox Schiff

Massachusetts Supreme Court Permits Climate Related Action by Massachusetts State AG to Move Forward

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Massachusetts highest court upheld a state trial court’s decision which allowed a closely watched climate-disclosure related challenge filed by Massachusetts Attorney General Maura Healey against ExxonMobil (Exxon) to proceed...more

Foley Hoag LLP - State AG Insights

Losses Continue to Mount For ExxonMobil in its Fight to Prevent State Attorney General Climate Investigations

On March 15, 2020, the Second Circuit rejected an appeal brought by ExxonMobil attempting to block investigations by the New York and Massachusetts Attorneys General into historical claims made by Exxon regarding climate...more

Zelle  LLP

Why Climate Plaintiffs Are Filing Securities, Consumer Suits

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A growing trend has emerged in the ongoing effort to hold greenhouse gas emitters accountable for their contributions to global climate change. The first wave of climate change lawsuits in the U.S. against carbon majors —...more

Zelle  LLP

Minn. Big Oil Climate Suit Follows Big Tobacco Blueprint

Zelle LLP on

When Minnesota's Attorney General Keith Ellison announced in June 2020 that his office had filed a climate change lawsuit, the litigation strategy he described was relatively novel for a climate change case. Rather than...more

Mintz

Vermont Files Climate Change Lawsuit Against Major Oil Companies

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Earlier this week, Vermont became the latest state to file a lawsuit against the major oil companies featuring allegations focusing on climate change. This is simply the most recent of more than two dozen lawsuits that have...more

Cozen O'Connor

The State Ag Report - Volume 7, Issue 26 | July 2021

Cozen O'Connor on

Here are last week’s curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: J&J Settles Opioid-Related New York Suit for...more

Cozen O'Connor

Exxon Loses Bid To Dismiss Massachusetts Climate-Change Suit

Cozen O'Connor on

Massachusetts AG Maura Healey obtained two orders from the Suffolk Superior Court denying Exxon Mobil Corporation’s (“Exxon”) motions to dismiss the AG’s suit alleging that Exxon misled consumers and investors about the risks...more

Foley Hoag LLP - Environmental Law

Massachusetts Claims Against ExxonMobil Survive — Wave of the Future or Litigation Sideshow?

This week, Judge Karen Green denied Exxon Mobil’s motion to dismiss claims brought by Massachusetts under its Consumer Protection Act. The complaint alleges that Exxon Mobil both mislead Massachusetts investors in its...more

Robins Kaplan LLP

Financial Daily Dose 6.14.2021 | Top Story: Whistleblowers Allege Private Equity Games U.S. Tax System

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The Times digs into what it’s calling private equity’s “conquer[ing of] the American tax system”—where “slight-of-hand tax-avoidance strategies” are so “aggressive” and pervasive that “at least three private equity officials...more

BCLP

Momentum Shifts as Investors Consider Growing Link Between ESG and EPS

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A trio of recent developments illustrate growing support for Environmental Social and Governance (ESG) initiatives in the U.S., as well as abroad. ESG regulatory and legal risks now appear top of mind for institutional...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights, Volume 5, Issue 19

A Bad Day for Big Oil - "ExxonMobil, Chevron lose key shareholder votes and Dutch court orders Shell to cut emissions faster." Why this is important: Issues related to climate change embroiled three oil companies this...more

Robins Kaplan LLP

Financial Daily Dose 5.27.2021 | Top Story: Shareholder Action and Court Rulings Push Big Oil to Confront Climate Change

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Huge win yesterday for climate change activists who dealt ExxonMobil leadership a “stunning defeat” when shareholders “elected at least two board candidates nominated by activist investors who pledged to steer the company...more

Flaster Greenberg PC

The Day The Energy World Changed

Flaster Greenberg PC on

May 26, 2021 was the day the energy world changed. On the same day that a Dutch court in The Hague ruled that Royal Dutch Shell could be held liable for climate change and ordered it to reduce its greenhouse gas...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights: Issue 38, October 2020

Noble Energy Shareholders OK $4.1B Sale to Chevron - "The addition of Noble will boost Chevron's U.S. shale oil holdings, making it the No. 2 producer behind EOG Resources, according to data from Rystad Energy." Why this is...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights: Issue 35, September 2020

U.S. Shale Producers Race for Federal Permits Ahead of Presidential Election - "Federal permitting in the largest U.S. oilfield in the Permian Basin, located in Texas and New Mexico, is up 80 percent in about the last three...more

Robins Kaplan LLP

Financial Daily Dose 9.22.2020 | Top Story: Microsoft Drops $7.5B on Gaming Acquisition to Challenge Rival Sony

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Microsoft made a huge gaming move on Monday with its $7.5 billion acquisition of ZeniMax Media, the “parent company of gaming studios like Bethesda,” and maker of titles like “The Elder Scrolls, Fallout, Doom, Quake and...more

Cozen O'Connor

AGs’ Expanding Focus Due To COVID-19 | New Antitrust Guidelines | AG Sues Timeshare Exit Companies

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2020 AG Elections- Utah Attorney General Fends Off Challenger in Republican Primary- •Incumbent Utah AG Sean Reyes won the July 2, 2020 Republican primary for AG over challenger David Leavitt. •AG Reyes will face...more

Eversheds Sutherland (US) LLP

Another climate change lawsuit remanded to state court

The Tenth Circuit has recently joined its sister circuits, the Fourth Circuit and Ninth Circuit, in finding that federal courts do not have subject-matter jurisdiction over state-law nuisance claims. A Colorado climate-change...more

Gray Reed

Texas Court Opines on Climate Lawsuits

Gray Reed on

In combined cases featuring California cities of San Francisco, Oakland and San Mateo and several California counties and public officials against Exxon Mobil Corporation, Texas’ Fort Worth Court of Appeal denied Exxon...more

Robins Kaplan LLP

Financial Daily Dose 6.25.2020 | Top Story: Bayer Inks $10 Billion+ Deal to Settle Roundup Cancer Claims

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Bayer, the German parent company of Monsanto, will pay more than $10 billion to resolve “tens of thousands of claims in the United States that its popular weedkiller Roundup causes cancer.” The settlement covers an estimated...more

Foley Hoag LLP - Environmental Law

State Climate Suits Really, Really, Belong in State Court When They Allege Misleading Statements To Investors

On March 28, 2020, there was yet another opinion addressing whether state and local climate suits belong in state or federal court. This time, Judge William Young issued an opinion explaining his March bench decision to...more

Robins Kaplan LLP

Financial Daily Dose 3.18.2020 | Top Story: Markets Gain on Stimulus Promise as Volatility Rules

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Volatility’s the name of the game these days on Wall Street. So what was down on Monday was up (a bit, at least) yesterday, although the basics of the situation haven’t improved at all....more

Zelle  LLP

Climate Change for Insurers: When Politics Fail, Flood the Courts

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This article follows on from a series of previous articles seeking to address climate change litigation in the context of insurance and reinsurance. Three different, but important, decisions in December 2019 have once again...more

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