Finance Fusion Network
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Finance Fusion Network
No Result
View All Result

Exxon sues California AG, environmental groups over attacks on recycling efforts

by
January 7, 2025
in Investing
0
Exxon sues California AG, environmental groups over attacks on recycling efforts

By Sheila Dang and Jonathan Stempel

(Reuters) -Exxon Mobil filed a lawsuit on Monday against California Attorney General Rob Bonta and several environmental groups, court records show, accusing them of defaming and disparaging the oil giant’s advanced plastics recycling initiatives.

The lawsuit is a sign of how Exxon is increasingly fighting back against environmentalists and other critics who have brought lawsuits against the company alleging its involvement in climate change and rising greenhouse gas emissions.

Filed in federal court in Beaumont, Texas, the lawsuit accused Bonta of acting in concert with a law firm called Cotchett, Pitre & McCarthy, LLP with ties to Australian business rivals of Exxon. Cotchett had recruited U.S. environmental groups as plaintiffs in a lawsuit against Exxon, and also contributed to Bonta’s political campaign, Exxon said.

The company is asking for undisclosed damages and a retraction of what it called defamatory statements.

The attorney general’s office did not immediately respond to a request for comment.

Last year Bonta sued Exxon saying the company had engaged in decades-long deception about the limitations of recycling and asked a court to “hold ExxonMobil (NYSE:XOM) fully accountable for its role in actively creating and exacerbating the plastics pollution crisis.”

Exxon’s advanced recycling technology uses heat to break down plastics that are difficult to recycle to a molecular level so they can be reused.

Exxon separately sued activist investors last year after they filed a shareholder proposal on climate change. The company continued to pursue the lawsuit even after the activist investors withdrew the proposal, which raised alarm from climate advocates that the legal action would muzzle debate between shareholders and public companies. A U.S. judge threw out Exxon’s lawsuit in June.

“Instead of coming alongside efforts to support a developing technology … Defendants are repeatedly and publicly attacking ExxonMobil with false accusations of being a ‘liar’ and declarations that advanced recycling is a ‘myth’ and a ‘sham,’” Exxon said in the complaint. 

In November, Exxon said it was moving forward with a plan to spend $200 million in Texas to expand its advanced recycling capabilities.

Exxon has been selling off its California oil and gas properties and criticizing the state’s energy regulations. 

This post appeared first on investing.com
Previous Post

Nvidia CEO set to take stage at CES just after shares hit record high

Next Post

Phillips 66 to buy EPIC NGL for $2.2 billion in bid to boost Permian presence

Next Post
Phillips 66 to buy EPIC NGL for $2.2 billion in bid to boost Permian presence

Phillips 66 to buy EPIC NGL for $2.2 billion in bid to boost Permian presence

  • Trending
  • Comments
  • Latest
Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

July 8, 2025
DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

February 7, 2025
Analysis-To weather Trump, emerging market investors look to the frontier

Analysis-To weather Trump, emerging market investors look to the frontier

January 27, 2025
Over 158 million Americans voted in 2024 as Trump reclaimed the White House

Over 158 million Americans voted in 2024 as Trump reclaimed the White House

July 7, 2025
Scathing report calls on US to label Islamist group infiltrating all aspects of American life as terrorist org

Scathing report calls on US to label Islamist group infiltrating all aspects of American life as terrorist org

0
Harris campaign officials explain what went wrong –  and what Trump did right: report

Harris campaign officials explain what went wrong – and what Trump did right: report

0
New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

0
NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

0
Scathing report calls on US to label Islamist group infiltrating all aspects of American life as terrorist org

Scathing report calls on US to label Islamist group infiltrating all aspects of American life as terrorist org

November 19, 2025
Nancy Mace to force censure vote against fellow House Republican

Nancy Mace to force censure vote against fellow House Republican

November 19, 2025
Rubio orders restitution for hundreds of staffers denied promotions under Biden DEI rule

Rubio orders restitution for hundreds of staffers denied promotions under Biden DEI rule

November 19, 2025
Senate unanimously passes Epstein files bill, sends to Trump’s desk

Senate unanimously passes Epstein files bill, sends to Trump’s desk

November 19, 2025

    Fill Out & Get More Relevant News

    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent News

    Scathing report calls on US to label Islamist group infiltrating all aspects of American life as terrorist org

    Scathing report calls on US to label Islamist group infiltrating all aspects of American life as terrorist org

    November 19, 2025
    Nancy Mace to force censure vote against fellow House Republican

    Nancy Mace to force censure vote against fellow House Republican

    November 19, 2025
    Rubio orders restitution for hundreds of staffers denied promotions under Biden DEI rule

    Rubio orders restitution for hundreds of staffers denied promotions under Biden DEI rule

    November 19, 2025
    Senate unanimously passes Epstein files bill, sends to Trump’s desk

    Senate unanimously passes Epstein files bill, sends to Trump’s desk

    November 19, 2025

    Top News

    Scathing report calls on US to label Islamist group infiltrating all aspects of American life as terrorist org

    Scathing report calls on US to label Islamist group infiltrating all aspects of American life as terrorist org

    November 19, 2025
    Nancy Mace to force censure vote against fellow House Republican

    Nancy Mace to force censure vote against fellow House Republican

    November 19, 2025

    Latest News

    • Scathing report calls on US to label Islamist group infiltrating all aspects of American life as terrorist org
    • Nancy Mace to force censure vote against fellow House Republican
    • Rubio orders restitution for hundreds of staffers denied promotions under Biden DEI rule

    About Finance Fusion Network

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.