The Supreme Court heard arguments on whether local governments can sue energy giants for harms allegedly caused by extreme weather events tied to fossil fuels. Justices across the ideological spectrum noted that state-based lawsuits are routinely used to target conduct with widespread effects, such as tobacco marketing or asbestos manufacturing. Some expressed concern about opening the floodgates to cases against any company that contributed to greenhouse gas emissions.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing