Stop suing! They don’t care they can make more money through lying. Start jailing them!
…
It’ll never happen, but I wish 🙁
this post was submitted on 16 Sep 2023
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Lawsuits that lead to companies paying externalities are an OK idea.
Stop suing! They don’t care they can make more money through lying. Start jailing them!
They only care about money. That's why hurting their profits is an effective method to change what they do.
Imagine renewable electricity was 10 times more profitable than generating it from fossil fuels. Of course they would want to be clean energy barons. Lawsuits can make a business less profitable, can make investments more risky. So this is good! I agree jailing would be a much stronger incentive.
But to put someone into jail, you also have to sue them first, don't you? At least that's what my translator suggests.
I wouldn't be sad to see vigilante justice against them.
Or just start making them pay back more than they've made by lying.
CA needs the money though
This should be a depressing picture, but... I've been playing too much Factorio.
Oil in Factorio is super wonky. One pump jack can supply all(!) flamethrowers, but don't even try to make some products out of the same amount of oil.
Jail them
Jail time is the only thing that will put a stop to real abuse. A 5% of profit fine just makes them laugh
Governments need to be able to jail corporations.
But then who's jailing the governments
The justice system, which is separate
This will lead to fines and settlements and then the executives will get off scot free. Just modern day absolution writs
This is the best summary I could come up with:
The state of California sued several of the world’s biggest oil companies on Friday, claiming their actions have caused tens of billions of dollars in damage and that they deceived the public by downplaying the risks posed by fossil fuels.
The civil case, filed in superior court in San Francisco, is the latest and most significant lawsuit to target oil, gas and coal companies over their role in causing climate change.
California is also on the front lines of climate-change-fueled extreme weather, with wildfires, floods, sea-level rise, searing heat and even tropical storms battering the state.
It claims that starting in the 1950s, the companies and their allies intentionally downplayed the risks posed by fossil fuels to the public, even though they understood that their products were likely to lead to significant global warming.
“Oil and gas company executives have known for decades that reliance on fossil fuels would cause these catastrophic results, but they suppressed that information from the public and policymakers by actively pushing out disinformation on the topic,” the complaint reads.
Two recent lawsuits against big oil companies, one in Puerto Rico and one in Hoboken, N.J., have brought charges under the state and federal versions of the Racketeer Influenced and Corrupt Organization Act.
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