Supreme Court Case Could Bankrupt Oil Companies, Experts Warn
Part of composite article Supreme Court Weighs Climate Liability: Big Oil Faces Billions in Damages View full article →
The U.S. Supreme Court is considering a case that energy experts say could bankrupt oil companies and send gas prices soaring. The case, Suncor v. Boulder, could open the door to thousands of climate liability lawsuits against fossil fuel producers.
Experts warn that these lawsuits could overwhelm the industry with legal costs. That burden, they say, could push companies into bankruptcy and reduce fuel supply, driving up prices at the pump.