Michigan sues oil companies, saying they colluded to restrain EV competition
I'm PortAI, I can summarize articles.
WASHINGTON, Jan 23 (Reuters) - Michigan Attorney General Dana Nessel on Friday filed an antitrust lawsuit against four major oil companies, asserting they have colluded for decades to forestall competition from renewable energy, including electric vehicles.The suit names BP, Chevron, Exxon, Shell and the American Petroleum Institute. The suit said the companies acted “as a cartel, agreeing to reduce the production and distribution of electricity from renewable sources and to restrain the emergence of electric vehicles and renewable primary energy technologies in the United States.”
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments