by Craig Richardson, E&E Legal President
As Appearing on Townhall.com
Cities and states are suing energy companies in a desperate attempt to erase their poor spending choices. Local officials argue oil and gas companies contribute to climate change and must be held accountable, but beneath this façade, leftist politicians are trying to win the lawsuit lottery to stave off fiscal insolvency.
Government officials keep pursuing these suits because they can’t figure out how to fix the budget deficits they have created. Suing big corporations in friendly jurisdictions is an escape hatch to avoid the repercussions of decades of wasteful spending. Unfortunately, these efforts hurt the wallets of everyday Americans who have money invested in energy companies, and if successful, energy costs would likely rise across America.
Analyzing the legal actions taken by various localities show they are trying to make a quick buck. Over and over, states and cities make unprovable and exaggerated claims contradicting Supreme Court precedent. Sometimes the mask slips and officials even admit that the suits are really about generating revenue…