Oil Majors Lose Bid to Move Climate Lawsuits Out of State Courts

Oil companies including Exxon Mobil Corp., Chevron Corp., and BP PLC lost their appeal to move two East Coast climate liability lawsuits to federal court.

Judges from the US Court of Appeals for the Third Circuit on Wednesday tossed consolidated energy company bids to remove climate lawsuits from Delaware and Hoboken, N.J., to federal courts, where the companies claim judges are better equipped to handle major issues like global warming.

The panel was not convinced that oil companies should be able to move the cases from state courts when they are based on state laws. There is also ...