Oil companies News

US Supreme Court Declines to Hear Exxon, Koch Industries Appeal in Climate Case

The U.S. Supreme Court today declined to hear a bid by major fossil fuel companies and an industry trade group to move a lawsuit filed by Minnesota accusing them of worsening climate change out of state court and into federal …

Calif. Lawsuit Says Oil Giants Deceived Public on Climate, Seeks Funds for Storm Damage

LOS ANGELES (AP) — The state of California filed a lawsuit against some of the world’s largest oil and gas companies, claiming they deceived the public about the risks of fossil fuels now faulted for climate change-related storms and wildfires …

Zeta Threatens to Hit New Orleans With Powerful Wind, Floods

Hurricane Zeta is strengthening as it whirls across the Gulf of Mexico, threatening to slam the Louisiana coast south of New Orleans tonight with 90-mile-per-hour winds, massive power outages and floods. It’s expected to come ashore about 7 p.m. local …

Overflowing Oil Tanks Have Traders Eyeing Rail Cars for Storage

Oil companies are turning to rail cars to stash the crude they can’t sell, as the world runs out of places to store a growing glut of cheap barrels. North American producers, refiners and traders are now looking to store …