Climate Compensation: Considering the Liability of Oil and Gas Companies on the Toronto Stock Exchange

CLIMATE COMPENSATION: CONSIDERING THE LIABILITY OF OIL AND GAS COMPANIES ON THE TORONTO STOCK EXCHANGE
A report released on October 9 by the Canadian Centre for Policy Alternatives (CCPA) and West Coast Environmental Law considers the total potential liability of five oil and gas companies currently trading on the Toronto Stock Exchange-EnCanada, Suncor, Canadian Natural Resources, Talisman, and Husky. Informed by a discussion of the liability claims against the tobacco industry, the authors provide an overview of possible legal approaches to climate compensation, and conclude that those five TSX-listed companies alone could be incurring a global liability as high as $2.4 billion per year for their contribution to climate change.

See Payback Time? What the Internationalization of Climate Litigation Could Mean for Canadian Oil and Gas Companies at the CCPA website at: https://www.policyalternatives.ca/publications/reports/payback-time.

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