California Sues Oil Giants, Claiming Decades of Deception – The New York Times

The state of California sued several of the world s biggest oil companies on Friday, claiming their actions have caused tens of billions of dollars in damage and that they deceived the public by downplaying the risks posed by fossil fuels.

The civil case, filed in superior court in San Francisco, is the latest and most significant lawsuit to target oil, gas and coal companies over their role in causing climate change. It seeks creation of an abatement fund to pay for the future damages caused by climate related disasters in the state.

The lawsuit targets five companies: Exxon Mobil, Shell, BP, ConocoPhillips, and Chevron, which is headquartered in San Ramon, Calif. The American Petroleum Institute, an industry trade group based in Washington, is also listed as a defendant.

Seven other states and dozens of municipalities have filed similar lawsuits in recent years. But the California lawsuit immediately becomes one of the most significant legal challenges facing the fossil fuel industry.

Beyond being the most populous state in the country, California is a major producer of oil and gas, and its attorney general s office has a track record of bringing landmark cases that are emulated by smaller states. California is also on the front lines of climate-change-fueled extreme weather, with wildfires, floods, sea-level rise, searing heat and even tropical storms battering the state.

via www.nytimes.com

O boy. I wonder what big law firms are going to make bank on this suit.