oil and gas companies
Coverage of oil and gas companies in the Nexus archive.
- Newsom, Walz urge Congress to block anti-climate bill in their ‘woke’ crusade
Democratic governors including Gavin Newsom and Tim Walz urge Congress to reject the Stop Climate Shakedowns Act of 2026, which would shield oil and gas companies from climate-related lawsuits, arguing that taxpayers should not bear pollution costs. Republicans support the bill, claiming it protects the energy industry from lawsuits that could lead to job losses and higher energy prices.
- US treasury secretary warns oil and gas companies to lower prices: ‘we’re watching’
US Treasury Secretary Scott Bessent urged oil and gas companies to lower prices, following Donald Trump's criticism of slow price reductions. Bessent emphasized that authorities are monitoring the situation and encouraged companies to act responsibly.
- Republican lawmakers attempt to shield big oil from climate lawsuits in ‘alarming’ bills
Republican lawmakers are introducing House and Senate bills to grant legal immunity to oil and gas companies from climate lawsuits, led by Wyoming Representative Harriet Hageman and Texas Senator Ted Cruz. Environmental advocates and climate experts warn these bills prioritize protecting polluters over addressing climate damages.
- Supreme court sides with oil and gas firms in Louisiana coastal damage fight
The U.S. Supreme Court ruled 8-0 in favor of oil and gas companies in Louisiana, granting them a new opportunity in federal court after a state jury ordered Chevron to pay up to $740 million for coastal damage. The decision reverses a previous state court ruling, allowing the firms to challenge environmental lawsuits in federal proceedings.