California Goes After Big Oil Profits

California’s Attorney General this week added a so-called disgorgement remedy to a lawsuit filed against Big Oil majors last year, demanding that they gave up profits made on allegedly illegal business practices. The original lawsuit accused Big Oil of downplaying the risks associated with the use of oil and gas, and climate change. It targeted Exxon, Chevron, BP, and ConocoPhillips. “Big Oil has been lying to us – covering up the fact that they’ve long known how dangerous the fossil fuels they produce are for…