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Exxon, Suncor sued by Colorado counties over climate change

Published 04/20/2018, 07:01 PM
© Reuters.  Exxon, Suncor sued by Colorado counties over climate change
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  • Climate change lawsuits are no longer limited to coastal cities worried about rising sea levels, as two Colorado counties are suing Exxon Mobil (NYSE:XOM) and Suncor Energy (NYSE:SU) for their purported effects on the environment and climate change.
  • The lawsuit claims fossil fuel combustion has increased temperatures and caused Colorado's dwindling snowpack, which is vital for the state's agriculture, water supply and $5B ski industry; the snowpack in the southern Colorado mountains was less than 50% of normal as of April 1, according to a U.S. Department of Agriculture report.
  • XOM and SU "knowingly and substantially contributed to the climate crisis by producing, promoting and selling a substantial portion of the fossil fuels that are causing and exacerbating climate change, while concealing and misrepresenting the dangers associated with their intended use," the lawsuit says.
  • Now read: Suncor Energy: Examining The Effects Of The Trans Mountain Pipeline Cancellation


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