LONDON—BP plunged to a $5.7 billion loss last year, its first in a decade, as the pandemic took a heavy toll on oil demand, and the energy company warned of a tough start to 2021 amid widespread travel restrictions. Despite the weak environment, however, CEO Bernard Looney told Reuters the company’s transition to a greener…
Baltimore’s Lawsuit Against Energy Companies Belongs in Federal Court, Supreme Court Hears
A novel climate-change lawsuit that Baltimore, Maryland, brought in state court against energy producers seeking damages for the supposed effects of global warming, should be heard in federal court, the outgoing Trump administration urged the Supreme Court. The hearing came as the incoming administration of President-elect Joe Biden prepares to reverse President Donald Trump’s pro-energy…
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