In Exxon's Investor Fraud Trial, Here's What New York Has to Prove and How Exxon Is Fighting Back
Exxon's trial on allegations of defrauding investors by misleading them about the risks it faces over climate change is nearing its end, with closing arguments a few days away. Here's what the New York attorney general needs to prove and how Exxon is fighting the claims.
EPA Proposes Rolling Back More Coal Ash Rules. Water Pollution Rules, Too.
The Trump administration is making another attempt to prop up the sagging coal industry, this time by proposing to relax two Obama-era rules meant to curb water pollution from power plants and clean up the ponds utilities use to store toxic coal ash.
Honolulu to Fossil Fuel Companies: Pay for Your Climate Damage
Honolulu Mayor Kirk Caldwell announced Tuesday that he plans to sue oil giants like Chevron, Shell and ExxonMobil to force them to pay for climate change-related costs the state is facing. "They need to pay just like Big Tobacco needed to pay," he said.
(Honolulu Civil Beat)
Wall Street's Paying More Attention to Climate Risk
Wall Street is putting more emphasis on how climate risks will affect U.S. profits and revenues and what companies are doing to address those risks. More than 70 firms discussed the potential financial impacts of climate change on their quarterly results, more than double the amount last year, Reuters reports. As a result, fund managers are taking a closer look.
Keystone Pipeline Spill Hardens Landowner Opposition to Proposed Expansion
The Keystone Pipeline rupture in North Dakota last week that spilled as much as 383,000 gallons of crude oil has hardened opposition to the controversial Keystone XL expansion among landowners along its route, Reuters reports.
Senate Reviews Interior and FERC Nominees Who Have Been Criticized on Ethics
A Senate committee reviewed two nominees Tuesday for their major roles in overseeing the nation's energy portfolio, both of whom have been criticized for ethical issues related to the companies they would help regulate, The Hill reports.
Why Is Australia Trying to Shut Down Climate Activism?
An increasingly outraged Australian public is demanding action in a nation that's both intimately linked to coal mining and suffering through droughts, heat waves and wildfires. The government has responded by threatening a new law to punish protesters. Read more from ICN about state laws in the U.S. targeting pipeline protesters.
(The New York Times)