❝ 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.