"The state of Michigan is suing major oil companies and an industry association, alleging that they colluded to hamper the adoption of renewable energy and electric vehicles (EVs).
In a lawsuit announced Friday, Michigan sued BP, Chevron, ExxonMobil, Shell and the American Petroleum Institute.
It alleged they acted as a “cartel” as part of an effort to reduce production and distribution of renewable energy and restrain electric vehicles.
“To achieve this end, they have abandoned renewable energy projects, used patent litigation to hinder rivals, suppressed information concerning the hidden costs of fossil fuels and viability of alternatives, infiltrated and knowingly misdirected information-producing institutions, surveilled and intimidated watchdogs and public officials, and used trade associations to coordinate market-wide efforts to divert capital expenditures away from renewable energy — all to further one of the most successful antitrust conspiracies in United States history,” the suit said."
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