A district judge in Grand Rapids has dismissed a lawsuit brought against several oil supermajors that accused the companies of conspiring to interfere with competition in alternative energy and electric cars. The lawsuit was filed by Michigan Attorney General Dan Nessel, alleging Exxon, Chevron, Shell, BP, and the American Petroleum Institute colluded to try to “restrain the emergence of electric vehicles and ‌renewable primary energy technologies in the United States,” as quoted by Reuters. According to Judge Jane Beckering, however,…

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.