The Supreme Court takes up climate costs. CEOs should worry about the cost of doing nothing

Good morning. The Supreme Court kicked off its new term yesterday with a case that could determine whether state and local governments can hold companies responsible for the costs associated with climate change. The question being debated in Suncor Energy (U.S.A.), Inc. v. County Commissioners of Boulder County, in which Boulder is suing ExxonMobil and Calgary-based Suncor for allegedly misrepresenting the dangers associated with their products: Does federal law prevent the states from using their own statutes to sue oil companies for global climate damage? Justice Samuel Alito recused himself from the…