The state alleged that oil companies colluded to delay the energy transition, driving up prices for consumers. The court was not convinced this conspiracy directly caused overcharges for energy.
A federal court in Michigan has tossed out a pioneering antitrust lawsuit brought by the state of Michigan against four major oil and gas companies and their largest U.S. trade association that alleged a conspiracy to forestall the transition to renewable energy and electric vehicles in order to maintain market dominance of fossil fuels.