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New York City lawsuit seeking damages from the petroleum industry over contributions to global warming

by Futures Centre, Feb 12
1 minute read

The Mayor of New York City, Bill de Blasio, has declared war on ‘Big Oil’ with:

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1. A plan to divest the city’s $189 billion pension fund of an estimated $5 billion invested in fossil fuel companies and

2. A lawsuit holding five big oil companies — ExxonMobil, Chevron, BP, Royal Dutch Shell and Conoco Phillips — to account for emissions that have contributed to increased global temperatures, leading to the need for the City to fortify coastal protections against flooding and upgrade sewer systems.

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