Last mentioned: 2h ago
Final Ruling
Anticipated window for a landmark decision that will set the precedent for climate liability.
Oral Arguments
Expected timeframe for the Supreme Court to hear arguments from both sides.
Global Roil
Major news outlets report widespread market volatility and soaring energy costs.
Hormuz Warning
Iranian officials issue threats regarding the closure of the Strait of Hormuz.
Market Open
Oil futures jump 8% within the first hour of global trading.
Initial Strike
US forces conduct targeted strikes against Iranian military installations.
SCOTUS Intervention
The U.S. Supreme Court officially agrees to take up the appeal from the oil companies.
SCOTUS Intervention
The Supreme Court agrees to hear the industry's appeal on the jurisdictional question.
SCOTUS Hearing
The Supreme Court agrees to hear oral arguments in the appeal, escalating the case to the highest level.
Federal Support
The Trump administration files a brief supporting the oil companies' bid for Supreme Court review.
SCOTUS Petition
ExxonMobil and Suncor petition the U.S. Supreme Court to review the jurisdictional question.
10th Circuit Ruling
The appeals court affirms that the case belongs in state court, rejecting the energy companies' jurisdictional arguments.
Jurisdictional Battles
Lower courts repeatedly rule that cases can proceed in state courts; companies appeal.
Lower Court Ruling
A lower court allows the litigation to proceed under state law, rejecting company motions to dismiss.
Lawsuit Filed
Boulder, Colorado, files suit against ExxonMobil and Suncor Energy over climate change impacts.
Lawsuit Filed
Boulder and San Miguel County file suit against ExxonMobil and Suncor in Colorado state court.
Initial Filings
Dozens of U.S. cities and states file lawsuits against oil majors in state courts.
Matrix Asset Advisors' David Katz highlights a significant valuation disconnect in the energy sector following a broad market selloff. Investors are urged to look beyond immediate volatility toward high-quality energy majors and infrastructure plays trading at historically low multiples.
A significant surge in energy prices is projected to drive a sharp increase in consumer inflation over the coming months. This trend threatens to complicate central bank policies and underscores the ongoing vulnerability of the global economy to energy market fluctuations.
A direct military engagement between the United States and Iran has sent global energy prices to multi-year highs, threatening global economic stability. The escalation has reignited fears over the security of the Strait of Hormuz, a critical chokepoint for nearly 20% of the world's oil and liquefied natural gas supplies.
The U.S. Supreme Court has granted a petition by ExxonMobil and Suncor Energy to review a lower court ruling that allowed climate-related lawsuits from Colorado local governments to proceed. This decision marks a critical turning point for dozens of similar cases nationwide seeking to hold fossil fuel companies financially liable for climate change impacts.
The U.S. Supreme Court has agreed to hear a pivotal appeal from major oil and gas companies seeking to block dozens of climate change lawsuits filed by state and local governments. The ruling will determine whether these high-stakes cases proceed in state courts or are moved to federal jurisdiction, where they face a higher likelihood of dismissal.
The U.S. Supreme Court has agreed to hear an appeal in a long-running climate liability lawsuit filed by the city and county of Boulder, Colorado. The ruling could determine whether dozens of similar local climate cases across the country can proceed in state courts or must be dismissed under federal law.