It is not just attacking big oil. Big everything is in the line of fire
got off to an early start in California. In the days running up to the launch of the annual jamboree in New York City, America’s most populous and economically powerful state seized the initiative by hurling two thunderbolts at carbon-intensive businesses.
The two approaches—legal and legislative—were hailed by climate campaigners as tipping points in American law. The lawsuit against “big oil” aims to make the defendants pay for the alleged environmental damage suffered in California as a result of the use of their products. The firms reasserted their commitment to decarbonisation and said that the courts were not the right place to tackle such a momentous problem.
One applies to more than 5,000 companies with global annual revenues of over $1bn, and obliges them to disclose direct and indirect emissions, known as scope 1 and scope 2, beginning in 2026. A year later, they must also reveal their scope 3 emissions, which include those generated by their suppliers and end users. For example, carmakers will have to account for the emissions of those who provide them with parts and those who drive their cars.
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