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August 4, 2023

In Brief: US Democrats call for investigation into oil companies over climate; Turkey withdraws as host from COP16

The latest news on ESG policy and regulation.

A group of Democrat House representatives and senators has written a letter to the US Department of Justice asking the agency to initiate an investigation against oil and gas companies for their alleged prior knowledge of climate change impacts and their subsequent denial. The members of Congress want to assess whether the alleged corporate behaviour amounts to a violation of federal law in areas such as racketeering, consumer protection, truth in advertising and public health. ExxonMobil, Shell, Chevron and BP are explicitly mentioned in the letter, which also references the recent wave of climate litigation against fossil fuel majors. Members of Congress had previously asked for a similar investigation back in 2016.

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