CleanTechnica•about 1 month ago
US Oil Industry Busted For “One Of The Most Successful Antitrust Conspiracies” In US History
Key Takeaway
This lawsuit, if successful, could fundamentally reshape the competitive environment for renewable energy, potentially accelerating its deployment and impacting long-term energy costs and supply for developers and large consumers.
AI Summary
- •Michigan AG has filed a major antitrust lawsuit against BP, Chevron, Exxon Mobil, Shell, and associated oil industry organizations.
- •The lawsuit alleges a 50-year conspiracy to illegally restrain competition from renewable energy sources.
- •This legal action could significantly impact the competitive landscape for renewable energy development and adoption, potentially fostering a more level playing field for non-fossil fuel generation.
Topics
emissionsfinancingpolicyppasolarwind
Article Content
The Michigan State Attorney General has filed an antitrust lawsuit against BP, Chevron, Exxon Mobil, Shell, and oil industry organizations, citing a 50-year effort to illegally restrain competition from renewable energy. The post US Oil Industry Busted For “One Of The Most Successful Antitrust Conspiracies” In US History appeared first on CleanTechnica .