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Aera Energy was found liable and ordered to pay $9 million. [21] Aera Energy is also involved in a legal tussle with the state of California over its de facto ban on fracking, an oil field extraction technique. [22] In 2021, Aera filed a lawsuit against the state after it denied 49 of its fracking permit applications based on climate change ...
This February, California Resources Corp. announced its intent to buy and merge with Aera Energy in exchange for $2.1 billion in stock — a monumental deal that resulted in the state's undisputed ...
Jul. 6—One of two partners behind Aera Energy LLC is looking to pull out of the Bakersfield-based oil producer, according to a report last week that relies on comments made by four unnamed sources.
Some environmental activists interviewed by Reuters say the hacking operation disrupted preparations for lawsuits by cities and state attorneys general against Exxon and other energy companies ...
Additionally, the lawsuits alleged ExxonMobil of fraud, a charge eligible for punitive damages if found guilty. A first lawsuit was represented by Snyder, Weltchek, and Snyder. The fraud alleged in this suit was ExxonMobil's actions of intentional malice through their effective non-action in stopping the leak and providing adequate monitoring ...
People of the State of New York v. Exxon Mobil Corp. was a lawsuit filed on October 24, 2018, in the New York Supreme Court.The suit alleges fraud by Exxon Mobil Corporation to mislead the company's investors about management of risks posed by climate change. [1]
Feb. 26—The new head of Bakersfield-based oil producer Aera Energy LLC on Thursday condemned growing calls to end California petroleum production, charging in an exclusive interview that the ...
Exxon Shipping Co. v. Baker, 554 U.S. 471 (2008), was a case decided by the Supreme Court of the United States.The Court ruled in a 5-3 decision that the punitive damages awarded to the victims of the Exxon Valdez oil spill should be reduced from $2.5 billion to $500 million.