Will the Supreme Court bar Boulder’s state-law climate claims against Suncor and Exxon?
·PoliticsIf the Supreme Court, in Suncor Energy (U.S.A.) Inc. v. Commissioners of Boulder County, rules that federal law precludes Boulder County and the City of Boulder’s state-law claims seeking relief for injuries allegedly caused by interstate and international greenhouse-gas emissions’ effects on the global climate, then the market resolves to Yes.
The Payout Criterion for the Contract encompasses the Expiration Values that the Supreme Court of the United States has ruled that federal law precludes the state-law claims at issue seeking relief for injuries allegedly caused by the effects of interstate and international greenhouse-gas emissions on the global climate, after Issuance and before August 1, 2028. A ruling only that the Court has statutory and Article III jurisdiction does not satisfy the criterion. The market resolves to No if the Court rules that federal law does not preclude those claims, holds that it lacks jurisdiction, dismisses the writ as improvidently granted, or otherwise dismisses or remands the case without ruling on the merits described above.