ExxonMobil lawsuit

The oil giants ExxonMobil and Chevron reported a decline in their profits, a consequence of the persistently low oil prices that have been affecting the industry. Despite this downturn, the companies, along with other major oil producers, are not scaling back on production. Instead, they continue to ramp up output,...

ExxonMobil, one of the world's largest oil and gas companies, has filed a lawsuit against the state of California over new climate disclosure laws that require companies to calculate and report detailed information about their greenhouse gas emissions and climate-related risks. The oil giant claims that these requirements, which were...