Climate Change Litigation on the Rise

Data: 

• More than 1,400 climate-change law suits have been filed against governments and corporations
• More than 1,000 of these suits were filed in the U.S. 

The ExxonMobil Case:

New York and Massachusetts joined forces in New York’s lawsuit against ExxonMobil. The states claim Exxon misled shareholders about the threat of climate change to their business. 

The New York’s highest court ruled for Exxon after a four year investigation.

Key Takeaway: 

Companies are wise to be transparent about the impact of climate change on their business. Investors expect that data in addition to reports on how they are preparing for a more sustainable future.

Canada’s National Observer | Climate litigation is on the increase and companies need to take notice