A study by S&P Global Ratings has warned that U.S. businesses could face significant strategic and financial fallout from climate litigation. The study found that no company’s creditworthiness has yet been affected by climate litigation against the oil and gas industry. The costs associated with climate litigation could increase, potentially changing the competitive position and financial risk profiles of some entities. The report also noted that oil companies are facing lawsuits from local governments seeking to hold the fossil fuel industry accountable for climate change. However, uncertainty about potential rulings and associated costs means these cases have not yet affected companies’ credit ratings.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
