Re:Big Oil Is Suing Countries to Block Climate Action
by barney54 on Wednesday June 08, 2022 @09:28PM
(#31676604)
Despite the title, I didn’t see any examples of Big Oil suing countries to block climate action in the article. Did I miss it? Early in the article it talks about Vermillion, but they aren’t Big Oil.
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Re:Big Oil Is Suing Countries to Block Climate Action
by toma_caliente on Wednesday June 08, 2022 @09:32PM
(#31676640)
Vermillion is absolutely "Big Oil." They are an oil and gas company that make several billion a year. If you don't consider that "big" I don't know what is.
Re:Big Oil Is Suing Countries to Block Climate Action
by barney54 on Wednesday June 08, 2022 @10:00PM
(#31676806)
Big Oil is ExxonMobil, Shell, BP, Aramco, Total, Chevron—companies of that magnitude.
Regardless, Vermillion is the only oil company that sued anyone and did it a few years ago. Where’s the evidence of Big Oil currently suing?
Re:Big Oil Is Suing Countries to Block Climate Action
by gomijacogeo on Thursday June 09, 2022 @02:39AM
(#31678196)
My impression is this is a technique of the 2nd tier energy companies (e.g. https://www.isds.bilaterals.org/vattenfall-vs-germany-i-coal...).
Companies like BP, Total, etc operate more like nation-states and have other tools available.
I'd still call them "Big Energy" however.
Re:Big Oil Is Suing Countries to Block Climate Action
by em-bee on Thursday June 09, 2022 @04:52AM
(#31679015)
which makes sense. second tier companies are less likely to survive, so they have to fight harder
Re:Big Oil Is Suing Countries to Block Climate Action
by gowld on Wednesday June 08, 2022 @10:10PM
(#31676874)
Vermillion: $5B
Exxon: $440B
Re:Big Oil Is Suing Countries to Block Climate Action
by kennywinker on Wednesday June 08, 2022 @10:34PM
(#31677031)
In the PDF of the report linked (https://www.iisd.org/system/files/2022-01/investor%E2%80%93s...) there's a table of cases they're citing as examples. Two of them are "Chevron and TexPet
v. Ecuador" (part I and II). Chevron is undoubtedly a Big Oil company.