Michigan antitrust lawsuit says oil companies hobbled EVs and renewables
Michigan is taking on major oil and gas companies in court, joining nearly a dozen other states that have brought climate-related lawsuits against ExxonMobil and its industry peers. But Michigan’s approach is different: accusing Big Oil not of deceiving consumers or misrepresenting climate change risks, but of driving up energy costs by colluding to suppress competition from cleaner and cheaper technologies like solar power and electric vehicles.
The strategy is risky and might run into challenges, but it could potentially be a game changer if the state can overcome initial dismissal attempts by the industry defendants, legal experts say.
Michigan Attorney General Dana Nessel filed the lawsuit last month in federal District Court against BP, Chevron, ExxonMobil, Shell and the American Petroleum Institute. The suit, brought under federal and state antitrust laws, alleges a conspiracy to delay the transition to renewable energy and EVs and maintain market dominance of fossil fuels.