Дек 24 2014

(1 trebuchet, 1 Griffin, 1 Wolverine, 1 Spider, 2 Locust, 1

Автор: | 5:21 | В рубриках Новости

Is the market overlooking a major threat to large petroleum and gas firms?BP Price data by YChartsPerhaps, but it is important to view this week’s news within the context of a parallel and constantly changing investigation into Exxon Mobil that New York State attorney general Eric Schneiderman has been conducting for some time now. That investigation, which initially focused on the company’s internal climate change research from the 1970s and 1980s before shifting to its climate policy risk assessment and valuation of its reserves, has been based on the premise advanced by some environmentalists that fossil fuel producers have knowingly confused the public on the subject of climate change risks so as to maximize fossil fuel consumption, much as Big Tobacco obscured the risks of tobacco consumption several decades ago. (A critical flaw of this comparison is that fossil fuel consumption heavy duty iphone case, unlike smoking, has positive impacts on human well being and can only be entirely avoided at great expense, if at all, greatly complicating legal efforts to obtain damages for past greenhouse gas emissions through the courts.)The lawsuit furthers this argument by making numerous references to the past knowledge of climate change risks by the targeted companies, especially Exxon Mobil.

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