NYC sues the Big 5 oil companies in USA over climate change

❝ New York City has sued five of the United States’ biggest oil companies on the grounds that they have contributed to global warming and will divest from fossil fuel companies over a five-year period.

Mayor Bill de Blasio is seeking damages from BP, Chevron, ConocoPhillips, Exxon Mobil and Royal Dutch Shell for the billions of dollars he anticipates the city will spend to protect New Yorkers from the effects of climate change. The city filed the lawsuit on Tuesday night…the 13th.

The city wants compensation for damages that the city has already experienced, as well as for damage the city will undergo over the course of the 21st century…

❝ The mayor and city comptroller Scott Stringer plan to submit a join resolution to pension fund trustees to start analyzing ways to divest from fossil fuel owners—a first-in-the-nation goal. In total, the city’s five pension funds hold about $5 billion in the securities of more than 190 fossil fuel companies, according to the administration.

You can stand up for principles like this no matter where you live. It doesn’t take big city smarts – just educated good sense – to oppose the pimps of carbon-based power, profit before people.

2 thoughts on “NYC sues the Big 5 oil companies in USA over climate change

  1. Oyez says:

    In the country’s first court hearing on the science behind climate change, a lawyer for Chevron, Theodore Boutrous Jr., said the oil company accepts the scientific consensus. He quoted chapter and verse from the reports of the International Panel on Climate Change, the thousands of scientists assembled by the United Nations to figure out exactly what’s going on. “From Chevron’s perspective, there is no debate about the science of climate change,” Boutrous said.
    San Francisco and Oakland are suing BP, Chevron, ConocoPhillips, ExxonMobil, and Shell, arguing that the corporations that profit from fossil fuels should pay for the seawalls and pumps needed to protect them from rising tides. But Boutrous, the only oil company lawyer to speak at the hearing, didn’t accept blame, pointing the finger instead at the people who burned the fossil fuels. In other words, oil doesn’t cause climate change. People burning oil cause climate change. https://grist.org/article/fossil-fuels-are-the-problem-say-fossil-fuel-companies-being-sued/

  2. Oyez says:

    “In a San Francisco courtroom, climate science gets its day on the docket” (Science magazine March 22, 2018) http://www.sciencemag.org/news/2018/03/san-francisco-court-room-climate-science-gets-its-day-docket
    Breitbart: “Finally ‘Climate Change’ Gets Its Scopes Monkey Trial–and the Bad Guys Are Gonna Lose” http://www.breitbart.com/big-government/2018/03/31/delingpole-finally-climate-change-gets-its-scopes-monkey-trial-and-the-bad-guys-are-gonna-lose/
    Meanwhile: “Texas oil output surge clogs pipelines, depresses prices” https://www.reuters.com/article/us-usa-oil-record-texaspipelines/texas-oil-output-surge-clogs-pipelines-depresses-prices-idUSKCN1HC2L0 and “Unintended consequence: West Texas shale boom puts strain on state’s electric grid” https://www.dallasnews.com/business/energy/2018/04/08/unintended-consequence-west-texas-shale-boom-puts-strain-states-electric-grid

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