|
Feb 11, 2026
|
|
LONG
|
Rep. Hageman highlights that states (like VT and NY) are passing "Climate Superfund laws" to sue energy producers for retroactive liability, calling it "tobacco litigation on steroids." She asks if the DOJ will intervene to protect federal supremacy. Attorney General Bondi confirms the DOJ is "filing multiple lawsuits" to stop these state-level attacks on domestic energy production. Federal intervention to block state-level climate liability lawsuits removes a massive "tail risk" (potentially billions in legal settlements) for major US oil and gas producers, preserving their balance sheets and dividends. Courts may rule in favor of states' rights to regulate environmental harms, bypassing federal preemption. |
CNBC
Attorney General Pam Bondi testifies before H...
|