Oil Companies Are Suing to Block Climate Action -- With 72% Success

12 Jun 2022 | Abstracted from The Wire

"Fossil fuel investors are adopting a bold new legal tactic in response to efforts to limit global warming: they are going to private international tribunals to argue that climate change policies are illegally cutting into their profits and they must therefore be compensated.

"...fossil fuel investors emerged victorious 72% of the time – earning, on average, $600 million in compensation."

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