The latest lawsuit against the oil giant is believed to be the first-ever complaint filed by individuals and its list of plaintiffs includes Frank Marba, a young Filipino. They are mainly climate survivors from disaster-prone countries.
A levy on carbon majors is being pushed by green groups as one of the sources to operationalise the loss and damage fund in ongoing board meetings leading up to COP29.
As COP29 president Mukhtar Babayev outlines climate plans for the upcoming negotiations during the Petersberg Climate Dialogue in Berlin, Azerbaijan president Ilham Aliyev said at the same event that it won’t stop investing in oil and gas.