Might this be the point where gas and oil companies just say “OK, bye” and end operations in the People’s Republik Of California? Or, at least, refuse to sell to the state for their numerous operations, like for the governor’s limo and jet?
California looks to seize profits from Big Oil in climate change lawsuit
California will attempt to use consumer protection laws to seize some of the world’s biggest oil companies’ profits as part of a lawsuit accusing them of deceiving the public for decades over their role in climate change.
State attorney-general Rob Bonta invoked a new state law on Monday that allows claimants to target company profits that can be identified from the violation of consumer protection and advertising laws.
In an updated filing, it lists recent examples of alleged “false advertising and misleading environmental marketing by some of the defendants” and seeks profits they have generated to be deposited into a victims’ restitution fund.
The effort is part of a lawsuit that was launched by California against ExxonMobil, Chevron, Shell, BP and ConocoPhillips last September, and broadly accuses fossil fuel companies of spreading misinformation, sowing doubt about climate science and claiming that some of their products are “clean”.
So, what happens? Sadly, none of them will say “see ya”. This will be bound up in lawsuits for a long time, and, let’s say the PRC wins: the cost of fossil fuels will skyrocket. It will all be passed on. Which means the cost of consumer goods will go up. Food, homes, clothes, you name it. I just wish companies would play hardball. Start pointing out that people are using the hell out of fossil fuels as they drive around, take the bus, take flights, go on boats? That 50% of every barrel goes to other than fuels? Explain how well government services will work if there is no fossil fuels. What happens with police, fire, emergency. With maintaining roads.
This is just a typical shady Democrat shakedown.
Liars. Just horrible people. So tired of the religion of GW.
It’s all about the money. Just like with Cigarette lawsuits. Lawmakers in California government have the power to ban the use of “fossil” fuels immediately, but instead, they just want a piece of the action. Unlike investors who get a piece of the action by “investing”, California government wants that money FROM the people who invested. The root of communism is always theft from the people who invest, create, and produce. Then the communists step in with their hands out saying “I want”. Just like any gangster.
Too bad Californian lawmakers are all militant atheists (as if there is any other sort). It seems California could benefit from their office holders being part of a moral tradition that censures Covetousness and theft.
“Seize profits” Really? The California state gas tax, the highest in the nation, brings in approximately 7.5 billion $ per year for the state.
It’s never enough. Plus, the lawyers involved in the case will become fabulously wealthy off their share of the payday. This is a multi-layered theft.