David Johnson, who follows us on Facebook, brought our attention to this article, which demonstrates that some California cities, including San Francisco, which with Oakland is suing five major oil companies including ExxonMobil, alleging that the companies suppressed from their stockholders what they knew about the risks of climate change to their stocks' future value, are guilty of exactly that practice themselves in dealing with their bondholders. Here's the essence of the story: ... consider … [Read more...]
Did Oil Companies Conspire to Hide Their Knowledge about Climate Change?
Everybody knows Big Oil has conspired to hide the fact that it knew decades ago that its product was causing global warming that puts all humanity at risk. Greens have been claiming that since the 1990s. AG's United for Clean Power endorsed the claim and initiated investigations and lawsuits. Except not. For years independent journalist Russell Cook has exposed the errors of the conspiracy claim. Now a federal judge in the ultra-liberal San Francisco circuit has rejected the claim, too. In … [Read more...]
