Chevron is doing what every sensible CA-based company should do, if possible, leave the state. But what about the big oil lawsuit?
Goodbye California, Hello Texas
The Wall Street Journal reports Chevron to Leave California for Texas, as Regulations Mount in Golden State
The second-largest U.S. oil company said Friday it plans to move its global headquarters to Houston, the U.S. energy industry capital. Chevron has built a stronghold of about 7,000 employees there, partly from a matriculation of executives and white-collar workers decamping from California.
The relocation plans come weeks after billionaire Elon Musk said X and SpaceX would move their headquarters to Austin, out of California. Musk had moved Tesla’s headquarters to Texas a few years ago. Several other large U.S. companies, including Hewlett Packard Enterprise and Oracle, have moved from blue states such as California to red states such as Texas.
Chevron CEO Mike Wirth said the company wants to move its employees to one central hub. He also acknowledged the company has been vocal about its differences of opinion with California on energy policy.
“We believe California has a number of policies that raise costs, that hurt consumers, that discourage investment and ultimately we think that’s not good for the economy in California and for consumers,” Wirth said in an interview.
California Lawsuit Claims Big Oil Deceived Public on Climate Change
CBS News reports California Lawsuit Claims Big Oil Deceived Public on Climate Change
California Attorney General Rob Bonta announced his office has filed a lawsuit against five big oil and gas companies as well as the American Petroleum Institute for misleading the public about climate change and for engaging in harmful environmental practices.
The defendants include Shell, Chevron, ExxonMobil, ConocoPhilips, BP and the American Petroleum Institute.
The attorney general argues the defendants have known for decades that the burning of fossil fuels contributes to climate change but they have misled and lied to the public about it.
“Oil and gas companies have privately known the truth for decades — that the burning of fossil fuels leads to climate change — but have fed us lies and mistruths to further their record-breaking profits at the expense of our environment. Enough is enough,” the AG said in a press release.
“With our lawsuit, California becomes the largest geographic area and the largest economy to take these giant oil companies to court. From extreme heat to drought and water shortages, the climate crisis they have caused is undeniable. It is time they pay to abate the harm they have caused. We will meet the moment and fight tirelessly on behalf of all Californians, in particular those who live in environmental justice communities.”
Kassie Siegel, the director of the Climate Law Institute at the Center for Biological Diversity, called the lawsuit a gamechanger.
“I think this lawsuit will be helpful to all of California’s efforts to address climate change. That’s because it seeks to stop Big Oil from lying about the science and blocking climate solutions,” Siegel said.
According to the complaint, the companies are liable for creating a public nuisance, damage to natural resources, product liability and false advertising, misleading environmental marketing and unlawful, unfair and fraudulent business practices.
“I think this is going to be a turning point in the race to save the planet. You know climate change, it didn’t just happen,” Siegel said.
A Gamechanger Response
The proper response should be easy to spot. Oil companies should not only leave the state, but stop selling and producing products in the state.
There are Fourteen Refineries in California as of 2023. And if the state is going to take oil companies to court over goods it believes cause harm, then California logically should not want those goods.
If the refiners do not cease and desist voluntarily, the California should shut them down for “creating a public nuisance, damage to natural resources, product liability and false advertising, misleading environmental marketing and unlawful, and unfair and fraudulent business practices.“
That would indeed be the “gamechanger” for California that Siegel seeks.
In general, it is madness to do business in California unless that is the only place you can do business.
The local burger joint can’t easily move, but the owner can say to hell with it all, move out of state and start a new business elsewhere.
February 4, 2024: Cost of Running a McDonalds Jumps $250,000 in CA Due to Minimum Wage Hikes
February 23, 2024: A Blue State Exodus: Who Can Afford to Be a Liberal?
March 15 2024: Congratulations to NY, IL, LA, and CA for Losing the Most Population
May 20: California Governor Escalates the War on Gasoline Impacting Neighboring States
June 15: Twenty Percent of California Lives in Poverty, What’s Going On?
June 17, 2024: Hoot of the Day: California Proposes Restraining Orders to Stop Thieves
July 16, 2024: Elon Musk to Move SpaceX from CA to TX Over School Transgender Policy
Just leave! Let California Fend for Itself
A half million a acres of CO2 sequestration gets burned up in California every summer due to forest fires exacerbated by improper forest management. Clear cutting rather than selective harvesting, and lack of controlled burns in Sping and Fall have created much of this problem. Fire suppression is big business, fire prevention not so much.
True. As more forests burn down, we add a little more CO2 to the atmosphere and slightly reduce sequestration. However, it’s a tiny amount that you are talking about. A half million acres in CA out of 10 billion acres of forests worldwide.
Forest fires worldwide each year add about 2-5 billion tons of CO2 to the atmosphere, while man’s emissions from fossil fuels is 38 billion tons.
The problem the climate alarmists don’t tell you is what it will take to eliminate38 billion tons of co2. Eliminate 1/2 the population? Still have 19 billion tons , would that save the planet? What is the number of tons that they want to eliminate and most important , how much will it cost not only in dollars but the cost to billions of people that will be stopped from moving out of poverty , stopped from building low cost housing that uses the lowest cost heating fuels. They can’t afford solar and wind.
I say when a solar panel company and a windmill company can produce solar panels and windmills using solar and wind power without the use of fossil fuels is the time we may be able to do this transition to renewables .
Yep. Climate alarmists are morons IF they want to immediately stop using all fossil fuels. Can’t be done without crashing economies and millions perishing in a few months.
So, we are going to have to adapt to a much warmer world and the climate change that comes with it. There is no other choice.
CO2 from forest fires is not an issue because fire is normally a natural process for forest health. The problem is through poor forest management fires destroy most of the trees and their sequestration and shading abilities.
Natural lightning fires, and indigenous forest management through deliberate fires being set in the coolest, less dry times of the year gave North Amercia the biggest stand of old growth timber you ever did see. All the way from Canada to Mexico.
The reason to keep refineries in California is the crack spreads in Los Angeles are highest in the US. You can more easily move headquarters though; executives often live all over anyway.
Nobody talks numbers they just babble. When we moved from Anaheim 3yrs ago residental power was .16 kwh, today looking at the rates it’s almost .24 per kwh and Anaheim is cheaper than SCE. Ca. now sues the oil companies that will make it more expensive, Good riddance.
Left in 2010 (born and raised), I only visit and that is briefly. They have ruined the best state in the country for natural beauty and weather. The race to the bottom can’t come fast enough. Destroying their state day by day. I will never return.
and if things weren’t bad enough:
California Power Bills Are SoaringCalifornia Power Bills Are Soaring | OilPrice.com
I will believe climate change is an issue when:
they quit buying houses on the coast (sea level rise)
they sell their extra houses, cars and planes and start using public transportation
CA. Has become a Mini-FED @ the state level…
This lawsuit is an attempt to steal from shareholders and consumers. If the lawsuit succeeds, it will be followed by similar lawsuits in every Democrat state. The damages of the lawsuit will result in huge increases for petroleum based products especially transportation fuels. The tobacco industry raised prices to pay for damages. CA is essentially attempting to export its gasoline taxes to the remainder of the USA.
The premise of the lawsuit is absurd. If the oil/NG industry knew about climate change, why has government research (globally) funded hundreds of billions (maybe trillions) of research about climate change over the last 30+ years? Without oil/NG, civilization would face a global meltdown. Oil/NG has been a backbone of economic progress. Even today, replacing oil/NG just in developed countries is largely fantasy. In developing countries, replacing oil/NG is absolutely impossible.
It is only the state looking for money since they are heavy in debt.
The plastics industries, big pharma, MSM, big AG, ALL have deceptive trade practices…
Will these lawsuits explore the chemtrail coverup?
California is bankrupt and needs money!
“I think this is going to be a turning point in the race to save the planet. You know climate change, it didn’t just happen,” Siegel said.
Speaking of lies, the planet doesn’t need saving, any more than the Moon or Jupiter does. It is a self serving emotional statement. Modern living didn’t just happen. What would Siegal’s life be without fossil fuels? He doesn’t want to answer that question. How many are going to die of starvation due to “sustainable” farming, which will limit food supply to attain Net Zero? The globalist elitists don’t plan to include themselves among the starving, as they consider themselves special people. Why have a WHO Pandemic Treaty, “to save lives,” when the globalist elitists want to reduce the global population, “to save the planet?” The stated goals are contradictory. Again, someone is lying.
I’m relatively sure these clowns do not know what direction the change is taking, but for me I would bet on temperature rising based on some elementary schooling I received. Basically, there once was an ice age we don’t have now. As for whether or not man burning fossil fuels caused it, not much as fossil fuels have been around for a very small percentage of the time the earth has been recovering from the ice age.
Wind turbines on the roofs of cars … the faster you drive, the faster it spins charging the battery, driving the electric motor. Never slow down, drive forever … Who needs that dirty carbon based fuel changing the climate?
Define the world, then make everyone follow the definition. First global warming, which received a tepid response. Then it was climate crisis. Everyone loves a good crisis to fall in line and follow dear leader but its tiring. Now its climate change. Look out your window. Damn climate is changing all the time. How can you argue against that one?
AG Bonta probably heats his home with natural gas. AG Bonta probably drives a gasoline powered vehicle to work. Bonta is shaking down the oil industry, providing him something he uses on a daily basis, to fill state coffers to pay for Leftist Agenda projects.
Why doesn’t the California AG sue China & India? These countries may be doing just as much environmental damage as the oil majors.
As I keep pointing out. The wind blows from west to east. We pay the price for Chinese pollution both in the air and the oceans. The same with Mexico.
Most lawyers are Democrats. The top ten law schools are hotbeds of Progressive ideology. All Biden/Obama judges are woke first, Constitution second. The third branch of government will become the first, especially if Trump wins and has a majority in Congress. The tsunami of lawfare encouraging court rulings will overwhelm the Supreme Court. Of course California will succeed with this lawsuit.
Climate change advocates that constantly voice fossil fuel concerns should be required to disclose the benefits fossil fuels has brought to the wirld.
Also, if a State believes fossil fuels harm the environment but continues to reap the benefits of using fossil fuels, they have no standing to declare the companies did not disclose what they already knew or believed.
The oil companies and refiners should shut down operations (including retail gas stations) in states that subject them to harassment, absurd climate suits etc. When lines form at the remaining open gas stations, prices skyrocket (esp. in already expensive Cali), and the people are incensed, maybe they will stop electing morons and hypocrites to high office. Love to see angelinos who drive big commutes having to bicycle or take public transport. Laugh myself incontinent.
If they shut down to “prove a point”, they would be sued by their shareholders.
A refinery is a huge investment that cannot be abandoned w/o serious economic consideration folded into the other issues
It’s August 9 and it’s 55 degrees in my back yard in Minnesota. It’s frikin cold outside.
Well there you go. Global warming is all a fraud because its cold in Mark’s backyard on Aug 9.
If it’s hot in your back yard next week, what will that mean?
Global warming isn’t a fraud , the earth has been warming since the ice age, we are still in the warming period. When that cycle is finished we will be heading for cooler climate.
The warming is not a problem for the earth, neither is co2. As levels of co2 increase the earth responds and cancels out the effects. Look at the data on the GBR it’s the third year it has increased in size since it made all time highs. More trees, grass and crops to feed the poor. That’s what a bit more co2 does. Unless you want to go back to little house on the prairie and stop humans from increasing populations , stop third world countries from feeding their family’s I suggest we learn to adapt to a warmer climate especially needed in My back yard. It’s 49 this morning and it’s August 10 still getting colder may need to burn fossil fuel soon to get warm. I don’t have solar but with all the rain I doubt that can give me the heat I need this winter when it’s 25 below zero.
Well there’s your problem. You think we are still in a warming period. You need to learn about Milankovitch cycles and where we are in those cycles.
The current cold phase began about 6000 to 8000 years ago and should last another 70,000 years. During the cold phases, CO2 levels drop by about 1 ppm every 500 years. Over a typical 80,000 year cold phase, CO2 levels typically drop from about 300 ppm to 180 ppm. Temperatures drop and you end up with a mile of ice over New York. That’s the phase we are in.
For the last several million years these cycles have repeated over and over. CO2 has ranged between cold period lows of 180 ppm and warm period highs of 300 ppm. We have not exceeded 300 ppm for over 5 million years now.
We had already dropped a few ppm to 280 ppm in this cold phase. But then we started burning fossil fuels and pumping out CO2. In just 200 years, we raised CO2 levels from 280 ppm to 430 ppm. We have completely messed up the cold cycle we were in.
You sound like Jim, another CO2 lover. He wants CO2 levels to go up to 1000 ppm.
The last time CO2 levels were that high, was 50 million years ago. The planet was 10C warmer and oceans were 200 feet higher. That’s a strange thing to desire.
Justin Trudeau climate change policy was to ship SU TMX oil from Vancouver to
China. If Gavin wants Canadian oil he has to compete with China, India and Japan.
The US colonised Alberta for decades. More in TMX less to Houston. The spread between Western Canadian oil and WTIC might flip.
I wish it would flip. It would triple my canadian oil stocks. But it won’t. TMX is barely making a difference.
The “caused climate change” is a lie. It should be tossed outright as that has never been proven, is still in contention even if liberal media want to declare it settled. Follow the science.
Biggest driver of climate change are Milankovitch Cycles, hands down they dwarf any infinitesimal impact human activity has. Second is the Solar Cycles, which wax & wane on several cycles of 11 years and varying amplitude over longer periods. Third is Volcanic Activity that belches more CO2 in a singular event than decades of human activity. Fourth is the Extinction Events where a meteor strike of huge proportion incinerate almost everything and vaporizes cubic miles of carbonaceous rock. Then perhaps, the trickle we bring up makes a minute tick.
But all this assumes CO2 is bad, it is not. CO2 drives plant growth, more CO2 means less water required to flourish. During the time we’ve supposedly increased levels from 250ppm to 440ppm global plant growth increased 11% – that more crops, more food. Higher CO2 levels means growing the same amount with much less water, or more food with static water usage. Water shortage is in fact one of the biggest crisis we face aside from chemical pollutants of the toxic, mutagenic kind.
Plants require a minimum of 150ppm for photosynthesis, below that point they can’t process enough water to gain enough CO2 via transpiration to photosynthesis sufficient energy, all complex life would quickly vanish in famine. Last Ice Age it got down to 180ppm, a shade above extinction levels. The best thing our species has done is bring up additional carbon sequestered over the last 500 million plus years and make it bioavailable again. If we actually could, get the levels up around 800-1000ppm where water needs are 10, 20-50% less and extinction via Ice Age is staved off for tens of millions more years. Would some species go away or relocate, sure. Others would replace them. As they always have, and always will if sufficient CO2& water are available.
Nope. You get a couple of things right but then you f*ck it all up with nonsense. You clearly cannot follow the science.
For example: Milankovitch cycles have been the primary driver of climate change for millions of years. Correct.
For the last million years, there have been ten cycles of 100k years. 80k years of cooling where CO2 drops from 300 to 180 ppm. Then 20k of warming when CO2 levels go from 180 ppm to 300 ppm.
But then you say something incredibly stupid. That these cycles dwarf human activity. That is simply wrong.
It takes 20,000 years of a Milankovitch warming cycle to increase CO2 by 120 ppm to get to 300 ppm. Mankind has pumped enough CO2 into the atmosphere in 200 years that we have increased CO2 from 280 ppm to 430 ppm. An increase of 150 ppm. This has dwarfed the Milankovitch cooling cycle that began roughly 6000 years ago. Which is why we are getting warmer rather than cooler. Mankind has overwhelmed the natural cycles.
Second: solar cycles of 11 years are meaningless in the long term climate picture.
Then there is this gem:
“ Third is Volcanic Activity that belches more CO2 in a singular event than decades of human activity. ”
What a load of garbage. Do you just pull this sh*t out of your ass?
Human activity belches out 60 times the CO2 as ALL the volcanoes do annually. F*cking moron.
And yet another gem. Yes. Plants need a minimum of 150 ppm CO2. But no one is suggesting that we go down to that level.
CO2 levels were stable at 280 ppm for the last 10,000 years. During that entire time man developed an agrarian society where we learned to grow crops. All the plants we grow today are conditioned to that 280
ppm level. They don’t require anything higher. The fact that we have raised the level from 280 ppm to 430 ppm means that the plants are getting more CO2 than they have for the last 10,000 years. You don’t need to worry about the plants getting enough CO2.
Suggesting that we should get CO2 levels to 1000 ppm is insane. The last time CO2 levels were that high was 50 million years ago; the planet was 10c warmer than today and ocean levels were 200 feet higher than today.
The magnetic North Pole has moved a thousand miles in my lifetime. You know, that North Pole that compasses point to. The Earth’s magnetic field has been diminished by about twenty per cent since my grandfather’s lifetime.
I know you are thinking…. so what? Let me put it this way. We wouldn’t even have an atmosphere to worry about if it weren’t for the magnetic field. The same apparent causative factor is also affecting the climate on Venus and Jupiter which can be verified with a really high quality backyard telescope. Even Pluto is changing and it doesn’t even have a climate.
So if you don’t mind I will keep driving my S.U.V. while I wonder if humanity will survive this potential extinction event just like the one it survived (just barely) the last time this happened six thousand years ago as part of the harmonic of a twelve thousand year cycle. The reducing magnetic field and reversal of its field as indicated by its movement is the precursor to its collapse. Settled science was it took thousands of years to happen. Now we believe it is much faster and can even happen as fast as in a century’s time. We are already well into it.
The Sun is a life giver as long as the magnetic field shields the Earth from the negative elements. Without the magnetic field for long enough (and that’s not very long) the Sun kills all active life including eventually removing the atmosphere.
Just to mention some real science.
Yep. I am aware of the science. But if you think that is why we are warming then clearly you don’t understand the science. You should try learning a little more.
And of course you will keep driving, and using electricity etc. So will I. And so will ever one else. We all depend on energy.
So the people didn’t want electricity or fuel? They wouldn’t have purchased either if they knew about climate warming mythology?
They should sue all active volcanoes and put them under a restraining order.
Man emits 60x the CO2 that volcanoes do annually.
Bullshit. One Pinatubo equals decades of man-made output.
Lol!
I suggest you look it up. There are dozens of sites that will explain it.
Here’s one of many:
https://www.science.org/content/article/scienceshot-volcano-co2-emissions-no-match-human-activity
Hi Jim. Could you please send me the link to the cult conspiracy site that you pick up all this volcano garbage from? I want to see what other lies and misinformation they are promoting. Thanks in advance.
This lawsuit is depressing because it’s really about posing, it’s not remotely about addressing climate change in California. Climate change is a world problem because human beings must burn fossil fuels to survive in the numbers we now have. It’s not about the oil company profits or not disclosing information. Unless you are a clueless idiot it’s been pretty clear for decades that we were heating up the atmosphere and that this would eventually become a problem. But what do you do if you are doing this to survive? You must keep doing it. Until there is another source of energy that is as useful as oil we have to keep burning oil. If the environmentalists think oil is a problem then they should move to some island and try to survive without any products produced by consuming oil. I give them a few weeks at best. I’m not a friend of the oil companies nor an enemy of environmentalists. I just see the reality of this problem. No country is going to accept mass starvation or go back to the 19th century to satisfy this environmental problem.
Holy crap! Finally, someone else with a little understanding and intelligence.
Hey, just curious – what’s the earth’s ideal average temperature anyway?
Historically, hotter than it is now. Ocean levels have been hundreds of feet higher, and lower. CO2 levels have been over 10x what they are now and life flourishes because of the abundance of food created by plants when they need much less water due to higher CO2 levels. That is what allowed recovery from asteroid impacts once the dust settled.
Yes. And advocates of even more CO2 seem to want sea levels hundreds of feet higher. Not sure why.
Life existing
Well said!
There’s Just One Problem: AI Isn’t Intelligent, and That’s a Systemic Risk
The mythology of Technology has a special altar for AI, artificial intelligence, which is reverently worshiped as the source of astonishing cost reductions (as human labor is replaced by AI) and the limitless expansion of consumption and profits. AI is the blissful perfection of technology’s natural advance to ever greater powers.
The consensus holds that the advance of AI will lead to a utopia of essentially limitless control of Nature and a cornucopia of leisure and abundance.
If we pull aside the mythology’s curtain, we find that AI mimics human intelligence, and this mimicry is so enthralling that we take it as evidence of actual intelligence.
But mimicry of intelligence isn’t intelligence, and so while AI mimicry is a powerful tool, it isn’t intelligent.
https://charleshughsmith.substack.com/p/theres-just-one-problem-ai-isnt-intelligent
Gavin rob the middle class at the pump to finance radical colleges and the elderly. The climate change lawsuit intend to increase taxes collection at the pump. Gavin robs the middle class anyway he can bc employment in the high tech industry is shrinking and AI is bs.
Where’s the lawsuit against Fauci, Biden, CDC, Pfizer and FDA about those ‘safe and effective’ vaccines, lockdowns, masking and lying about the origins of Covid? I’m sure Rob Bonta will eventually get to those.
What about the non-profits handing out needles to addicts in San Francisco?
Rob should go play in traffic.
Probably no lawsuits because “they were safe and effective”, though not perfect.
You must read a lot of that cult conspiracy sh*t. F*ck, there are a lot of you crazies on this site.
Don’t forget your 8th booster, papa! I’m sure that’s the one that will protect you from an airborne virus. Are you still masked in your car when you’re alone? Just in case, ya know.
Covid shots were not safe and effective. VAERS went off the charts because they lacked safety. The 6 sigma spike in excess mortality in 2021 was due to the Covid shots. The absolute risk reduction of the mRNA shots was less than 1%. That’s why those who took the shots, got Covid, anyway.
I’m currently trying to obtain permits for new residential construction in CA. This is a total nightmare and will be $100k before breaking ground. Requirement after requirement after requirement, each costing $1000s. My wife and I decide to build the home and sell to someone foolish enough to stay in CA. We’ll be able to generate a hefty profit then we’ll move and I’ll retire.
After 54yrs in CA I’m done.
Back in the 1970s, after a couple of very cold winters, the worry was global cooling.
Nope. That’s a popular myth though. There were a couple of studies that were concerned about increasing smog and particulate pollution that were reducing the amount of sunlight at the time, and resulted in some cooling. This was picked up by a few reporters and sensationalized.
But the vast majority of scientific studies at the time were focused on warming, not cooling. Including those from Exxon.
Since then, stricter pollution controls have dramatically reduced smog and particulates and eliminated the cooling they caused. And saved a lot of people from the complications of breathing that dirty air. But the downside is that is has exacerbated the warming caused by greenhouse gasses.
You forgot the studies, several in fact, that show warming occurs before any supposedly greenhouse gasses increase. Gasses are not a cause but an effect.
Yep. That’s how it has worked naturally for millions of years. A Milankovitch warming cycle begins. The earth warms a tiny amount. This results in some CO2 release. Which then increases the warming. Then more CO2 release. More warming. Etc. Its called a feedback loop.
Over a period of 20,000 years or so, the CO2 level goes from 180 ppm to 300 ppm and the earth warms by several degrees. Without the CO2 feedback loop, the warming would be less than one degree.
The warming always precedes the CO2 feedback loop. Its been that way for millions of years.
Till now. In less than 200 years, we have pumped so much CO2 into the atmosphere that we have “unnaturally” raised the level from 280 ppm to almost 430 ppm. (Yes, a 150 ppm increase in 200 years, vs the normal 120 ppm increase in 20,000 years). We know that the extra CO2 is from burning Fossil fuels because of the different isotopes of carbon.
So, this time CO2 is LEADING the warming. And we have several degrees of warming left to go. Because it will take a couple of decades for the warming to catch up to the present Co2 levels. And those CO2 levels are still going up faster than temperature can respond to.
Urban heat islands of asphalt and concrete cause warming. The record temperature several days ago for L.A. was 94, set in 1888. We still have a number of record highs that date back to the late 18oo”s.
Lol! You keep bringing up this useless, meaningless sh*t. Over and over again. Year after year. And I keep explaining to you why it’s all useless sh*t. You seem incapable of learning anything unless it comes from one of your cult conspiracy sites. So I won’t bother explaining it again.
Can’t you find something to say that actually means something? Come on. Show some scientific intelligence!
Tighten your mask just a little more.
True. But that was when we were still burning tons of coal, especially for generating electricity, and the particulates were blocking the sunlight. When we replaced much of the coal with natural gas, the particulates were reduced, and the warming effects of the CO2 & greenhouse gases took over & kept increasing.
back in the 1970 when CA missiles and aircraft industry collapsed CA entered a severe recession, a winter. CA unemployment popped up and RE prices plunged. To stop the bleeding prop 13 became a law. Those who stay put will pay the same RE taxes forever, but the current CA RE taxes are the highest in the nation, bc the average house is over a million dollars.
Science has known since the 1850s that CO2 is a greenhouse gas. The first estimates of how much CO2 was being added to the atmosphere from burning coal, and how quickly that would raise global temperatures, was done before 1900.
By 1980, Exxon scientists knew from decades of research that burning oil and gas would further contribute to a warming world and they even produced papers about it. One of these Exxon papers, from 1982, predicted that CO2 levels would rise to 419 ppm by 2019; which was pretty accurate.
But the “science of climate” back then was still in its infancy. There was far less certainty about their predictions 50 years ago than there is today. Exxon may have known that their business would contribute to a warming world, but they couldn’t have possibly known with any “certainty”, how much that effect would be. Did they subsequently try to spread extra “uncertainty” about the science? Yes. Should they be sued for spreading uncertainty. I don’t know.
What I do know is that we are in a catch-22. We cannot maintain our living standards and economic growth without using ever more energy. And currently, 80% of our energy still comes from fossil fuels. We cannot simply stop using them until we have adequate alternatives. And we are many decades away from that. Which is why I remain heavily invested in oil and gas stocks.
The science of climate has progressed remarkably in the last 40 years. We now know much more than we did in the past. And we know that as we continue to increase greenhouse gas levels, the planet will continue to warm and the climate will undergo rapid change as a result. Which will cost us a lot.
And oil companies are in a tough place. Caught between consumers who demand more energy, and climate advocates who want to shut them down.
California is just one example of this. There will be more.
You are a proven kool aid drinker . You have linked nothing but studies paid for by the government to support their agenda . Of course you always know the perfect investment after the fact never before . Al Gore is your god and polar bears are extinct yada yada yada . Pitiful
Lol! I mentioned an Exxon paper. When did Exxon become part of the government?
There are many scientist that disagree with the C02 global warming theory that aren’t financed by government . China and other developing nations replace any incremental reductions we make 10 fold by their increases . Your gods Kerry ,Gore , UN , Taylor Swift spew thousands of times the C02 into the environment living in their many mansions and flying across the world to see a football game ect while they preach sacrifice to the common man .They have no problem denying the basic comforts that they have pushing hardships on struggling people while they continue their wasteful lifestyle and they have no intentions of changing for the crisis they claim we are in . Why should they ? They have blind guides like youself that worship them and push their agenda no matter what their actions are .
Nope. There are just a very small number of scientists who disagree. Just like there were a handful who said smoking was good for you. You can even find a few who will tell you that the earth is flat. You can always find a few shills who can be paid off to spread FUD. And it works because people like you are stupid enough to believe them.
Wrong. There are hundreds (maybe thousands) who disagree.
Lol! If you keep repeating that 1000 times a day to as many people as possible, eventually you will get another moron to think its true.
Take your 9th booster. This one for sure will protect you.
Climate activists should stop using electricity.
Shutting down fossil fuels ahead of time is like Tim Walz buying pants with a 30″ waist figuring then he’ll HAVE to lose weight. Or like Walz signing a law that requires all power generation to be carbon-free. https://mn.gov/commerce/news/?id=17-563384 Unless Minnesota opens a few new nuclear plants (which is not being planned), Minnesotans better hope for global warming – or they’re going to freeze their nuts off.
Yep. Climate activists are morons. But then so are deniers.
At least deniers are not using CC for an nefarious agendas.
Yes. Its all a cult conspiracy. F*ck there are a lot of you cult morons here.
Ah, name-calling. You go, lefty.
And another one!
seethe amigo.
There were a few things that were known when the oil company scientists did their work in the late 1970s and 80s: 1) global temperatures would increase, both air and sea; 2) there will be more storms, and those storms will be more intense; 3) sea levels would rise. And sure enough, all have come true.
AND coastal property owners whose properties will be damaged by the combination of worsening storms and rising seas.
All true. But back then it was still early days in climate science. No one knew how quickly these things would happen. Just that they eventually would. And even today, with newer and better science, we are are still underestimating the rate of change. It is happening faster than expected.
Yet the world keeps demanding more energy every year. What are the companies supposed to do? Stop producing oil and gas? That would result in immediate economic catastrophe and lead to millions of deaths within a few months. Not a viable solution to a long term problem.
As a Californian I’m embarrassed. I was taught in 2980 in a meteorology class that CO2 was a greenhouse gas. Since when do we rely on private interests for science. This is virtue signaling waste of resources. If they want to do something positive support hybrids, don’t kill the oil and gas industry
1980 not 2980
When did CO2 stop being a greenhouse gas? It didn’t. CO2 IS a greenhouse gas. What you learned in 1980 is still true.
I don’t think it makes sense to “shut down” oil & gas companies prematurely. But I think it IS a good time to stop the massive Taxpayer-funded subsidies for oil & gas exploration & development.
I also think that people who live in Northern latitudes shouldn’t be forced off of fossil fuel use until there are reasonable alternatives. If you live at 55 degrees N latitude, your solar panels aren’t going to do much between November & February.
VOTE PEOPLE! Get the irrational alarmists out of office and restore sanity to state governance.
Newsom was informally adopted by the Gettys. His own father was a Getty Oil lawyer, so Newsom KNOWS this is baloney. Chevron had previously left to drill in Venezuela. Socialists supporting socialists, you know! Chevron received special permission from the Feds to drill there. Although why it’s a climate ‘crisis” in California and not 3600 miles away in Caracas, Venezuela I have no idea. WinkWink. Newsom is WEF-trained, graduating in 2005 from their young leader program. All the WEF “leaders” are doing little to nothing helpful for their States or Countries. Pete Buttigieg is another. Trudeau, Macron, Sunak – all destroyers…as has been Newsom in California
Californians pay the highest gas tax in the nation, even higher than Hawaii, who has to have their gas shipped in. If you don’t believe this, or are a low-info Democrat, look at Tax Foundation’s web site. https://taxfoundation.org/data/all/state/state-gas-tax-rates-2024/
By Biden or Harris or Newsom and now, Walz claiming corporate greed, it’s brainwashing everyone into thinking capitalism is bad and socialism is good. I truly hate these traitors.
california should create it’s own oil company then.. that’s the logical conclusion.
Other than publicity, I always wonder what the purpose of these lawsuits can be.
If they somehow win, what exactly are they expecting to collect? Yeah, these companies make profits and yes they might be profitable some years (others like Chevron last year they claimed a net loss based on accounting rules). But lets say someone like Chevron makes 10 billion in profit. Cali ain’t getting all of it. At most they’d get 1/52nd of it (because every other state would want a share) so it would be a couple hundred million a year. At most. That’s not enough to do anything about climate change based on the trillions we allegedly need or the billions I am sure Cali thinks it needs.
Then there’s the fact that Chevron is a public company, not some private persons money bin like Scrooge McDuck. So taking all the profits means all the share holder lose and who are those people, well they are every day people in Cali and elsewhere via 401k/Pension funds. So you’d be cheering the fact you’d be robbing yourself by lower stock price, no dividends etc. That’s just nuts.
Response should be ejection from the U.S. California arguably wages war against these (other) states via religious climate and business policies. They want to go carbon free? Fine, why are you waiting until 2035 or 2040. Just do it… If you are convinced of your religion, Gaia shall provide.
California Energy Commission Proposes State Takeover Of Oil Refineries‘Californians Deserve a Strategic Transition Away from Petroleum Transportation Fuels’
By Katy Grimes, August 6, 2024 2:55 am
Left 4 years ago, they need money from anyone who has any money left.
The CEC proposes:
“The State of California would purchase and own refineries in the State to manage the supply and price of gasoline,” wrote the study’s authors, with the scope of the initiative ranging from “one refinery to all refineries in the state.”
Canada and CA fires caused more pollution. Pollution cause dementia and cancer. Pollution is food for veggies and trees.
What kind of pollution? Be specific. Do you mean these normal pollutants from a forest fire?
PM 2.5, CO, NOx, VOCs, O3
None of those is food for veggies and trees. But they are all bad for humans.
If you mean CO2, that’s not a pollutant. That’s a greenhouse gas.
And the amount of CO2 released from forest fires each year is about 5 billion tons. We release 37 billion tons from burning fossil fuels.
You make some Important clarifications … but SCOTUS says CO2 is pollutant….my trees disagree. Similar to a tomato being a bio-fruit but legal-veg.
https://www.nrdc.org/press-releases/supreme-court-heat-trapping-carbon-dioxide-pollution
I understand. That was a legal issue. So they could regulate CO2 emissions.
Scientists do not consider it a pollutant because it is a natural part of the air.
That said, scientists also recognize that CO2 is a greenhouse gas. And they can identify the amount of CO2 in the atmosphere that comes from fossil fuels by the different carbon isotopes. Those CO2 emissions have increase atmospheric CO2 from 280 ppm to almost 430 ppm. Which is the primary cause of global warming.
If two/three out of fourteen stay as the last men standing, they will have monopoly in CA. They will raise prices, especially diesel prices, promoting ev, including ev from China or Mexico.
That’s already happened. Newsom gave two no-bid contracts to China’s EV manufacturer, BYD. Supposedly, they were for paper Covid masks, but when they didn’t materialize, OH LOOKY – Mexico is awarded a plant to build EVs by…guess who? BYD! Chinese battery companies are in the US, including California. They were just exposed this week as having ties to the Chinese military.
Newsom, Pelosi, Schiff, and Harris – all foreign agents for China. Read Peter Schweizer’s books. Sure looks like Walz is, too.
Sheee, don’t attack Timmy bc Kamala might force him to quit as Obama force Biden to quit.
When California is one big year-round brownout they’ll have to pedal stationary bikes to charge their EV’s.
“climate Change religion” is proving to be more powerful with blind faith believers than the Traditional” religions!!
Yep … Trad-Regs (traditional religions) are sooo yesterday. Climate’s where it’s at!
Love the Earth, make Peace not War; Love not Hate; Black not White, Shaken not Stirred, GPU not CPU, BTC not NASDAQ, APT not CAPM, etc….
Want to drive an anti-oil liberal crazy? Explain to them that petroleum is a natural renewable energy. The geological process of making crude oil is not mainly from dinosaurs but little life forms called diatoms, which are the remains of plants and all kinds of past animals. The process continues by making new petroleum every day and will continue for centuries.
The focus should be on a cleaner way of processing hydrocarbons, not eliminating them. But, hey, it’s impossible to debate with crazy.
Then tell them to give up their sneakers, soap, washing their hair and clothing, not charging their phones…wait for the fun to begin. 😀
Yep. Attempting to negotiate with the Taliban leads to predictable results.
“The proper response should be easy to spot. Oil companies should not only leave the state, but stop selling and producing products in the state.”
Not “leave the state.” But leave the entire insult of a failed totalitarian terror state which would even; for one millisecond; consider wasting productive people’s time on enriching and empowering ambulance chasing nothing-but-trash in the kangaroo courts which is all that is left anywhere in the US.
Move to China. It’s a better country. By far. For all people, and all companies. Just leave the no-better-than-Venezuela retard colony behind. It no longer has anything, of any value, left to offer anyone anymore, anyway. Or, heck, leave for Venezuela. Compared to the US, even that is a big step up by now.
Losing 40 million consumers is insane.
This is GREAT news! California will have to prove that Chevron, et al have caused climate change – they will have to counter billions of years of natural climate change – where I grew up in Canton, Ohio was under a glacier 11,000 years ago. Fossils near Chicago show it was subtropical at one time. Should be the trial of the century.
Is it too much to hope the defendants get costs? And if the “misleading the public” business is what it sounds like, maybe the oil companies could collect damages in a countersuit for violation of their First Amendment rights.
Companies are free to speak but not misleading information about their product.
The gov’t exclusively reserves the right to mislead and not suffer damages (viz, COVID EUA prohibiting damages while simultaneously requiring shot to work-for-hire).
I left California 4 years ago after living my whole life there. Best move I ever made. I highly encourage every oil producer and refiner to leave as well. Call these idiots bluff and see what happens.
Bailed out 20 years ago after growing up there in the ’50s/ ’60s and Vietnam ’68/’70. Shut down all the remaining oil wells off shore and on shore, oil and gas pipelines, refineries, and prohibit all refined oi based imports of gasoline, diesel, and LNG from out of state. Do it for the Beverly Hill’s non-binary children’s health and welfare during the current anthropomorphic climate change scam. Enjoy your Tesla and yet to be built bullet train to nowhere. Have a nice day during Kumelot’s power grid blackouts. Cheers. .
Lets go boys.Shut it all down and get out.