Oil

Battling the Oil Giant: Texas Judge Rules in Favor of 7,000 BP Retirees in Pension Dispute

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Houston, Texas—A federal judge in Texas has ruled in favor of more than 7,000 BP retirees who claimed that the energy company interfered with their pension plans and shortchanged their retirement benefits. The judge’s decision comes after a lengthy legal battle between the retirees and BP, and could have significant financial implications for the oil giant. The retirees alleged that BP manipulated their pension plans, resulting in lower retirement benefits than what they were entitled to. The class-action lawsuit, which was filed in 2019, accused BP of violating federal pension laws and breaching its fiduciary … Read more

Chicago Takes Legal Action Against Oil & Gas Giants, Accusing Them of Deceiving Consumers on Climate Crisis

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Chicago, Illinois – The city of Chicago is taking a stand against major oil and gas companies by filing a new climate fraud lawsuit. Utilizing local laws, Chicago alleges that these energy giants, including BP, Exxon Mobil, and Chevron, deceived consumers for years regarding the impact of their products on climate change. This lawsuit adds Chicago to the growing list of plaintiffs demanding accountability from the oil industry. The evidence presented in the lawsuit demonstrates a deliberate and intentional effort by the defendants to mislead Chicago residents about the dangers associated with their oil and … Read more

Greta Thunberg and Fellow Climate Activists Acquitted in Landmark Trial Over Oil Conference Protest

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LONDON — Climate activist Greta Thunberg and four other defendants have been acquitted of charges related to a protest that blocked the entrance to a major oil and gas industry conference in London last year. Judge John Law found “significant deficiencies in the evidence” presented against Thunberg and the others, leading to their acquittal. The charges against them alleged a breach of the Public Order Act during the October 17 incident. During the trial, Judge Law criticized the police for not taking less restrictive measures and failing to clearly define where the protesters should have … Read more

Koreatown Lawyer Indicted for $2.1 Million Bribe Involving Chinese State-Owned Oil Company and Nigerian National Petroleum Corp.

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LOS ANGELES (AP) — A Koreatown lawyer has been indicted by a federal grand jury on multiple felonies related to a $2.1 million bribe he allegedly received while working for Nigeria’s state-owned oil company. The bribe was in connection with negotiating favorable drilling rights for a subsidiary of a Chinese state-owned oil company. Paulinus Okoronkwo, a 67-year-old practicing immigration and personal injury lawyer based in Valencia, was charged in a five-count indictment on Wednesday, according to the U.S. Department of Justice. Okoronkwo is facing charges including engaging in monetary transactions derived from unlawful activity, tax … Read more