At a recent conference, White House senior advisor John Podesta said the Biden administration would release oil from the Strategic Petroleum Reserve to keep prices at the pump affordable. But Podesta's remarks come less than a week after the administration moved to block 10 million acres from developing oil and gas resources in Alaska.There may be some political logic behind these seemingly contradictory energy policies.
These lawsuits claim that energy companies misled the public about the risks of climate change and assert that they need to pay for the costs of human-induced warming.With the support of 20 states and many industry groups, oil companies have petitioned the Supreme Court to put this to rest once and for all. In the case Sunoco v. City of Honolulu, the Hawaii Supreme Court recently allowed climate-related damages against oil companies to proceed to trial.
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