Economics for Rebels
Holding Big Oil responsible through climate litigation
Mar 25, 2024
Dr. Benjamin Franta discusses climate litigation, holding big oil accountable, historical responsibility, and the challenges of proving moral culpability. The podcast delves into the transition from physics to climate change activism, legal ramifications for big oil, and the difficulties in holding asset managers accountable for investments. Future forecasts include nature and cultural rights litigation against companies for climate damages.
41:34
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Quick takeaways
- Fossil fuel companies concealed climate change knowledge and obstructed solutions for profit, fueling the need for accountability.
- Urgent actions by oil companies in the past could have limited global warming, exposing intentional negligence.
Deep dives
Climate Litigation and Historical Responsibility
Climate litigation is gaining attention as a leverage point towards a just future within planetary boundaries. A key argument in current US litigation against big oil companies revolves around their alleged intentional role in concealing knowledge about climate change, deceiving the public, and blocking solutions. Internal industry documents have revealed deliberate efforts to prioritize profit over environmental concerns, fueling the need for accountability and reparation for climate damages and historical negligence.
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