Intro by Tim Devereux, Wagner Reese LLP
The City of Baltimore has joined a growing list of cities and states in lawsuits that claim the companies are responsible for the climate crisis and that they have misled investors. Baltimore, like other coastal cities, alleges that large oil and energy companies have put the city at risk due to rising sea levels.
On October 22, 2019, the U.S. Supreme Court refused to stay those state court proceedings and this ruling will allow government officials to press ahead with three lawsuits that accuse more than a dozen oil and gas companies of contributing to climate change. Read more here.
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