The suit, which de Blasio likened to those against tobacco, accuses BP, Chevron, Conoco Phillips, Exxon Mobil, and Royal Dutch Shell of hiding their own research on the climate change-inducing effects of fossil fuels, leaving the city to pick up a tab in the billions of dollars for the ensuing aftermath.
In addition, the Mayor also announced the city has filed a lawsuit against oil companies BP, Chevron, ConocoPhillips, Exxon Mobil, and Royal Dutch Shell, seeking damages to recoup billions of dollars which NY will spend to shield its inhabitants from the effects of climate change.
The City has not specified the exact amount of damages it is seeking but says that the money is to cover the costs of the effect of harm already done to the climate as a result of oil and gas use and the damage that will be seen over the coming century.
In addition to the lawsuit, New York City also announced on Wednesday its intention to divest some $5 billion in its pension funds from oil and gas companies.
Flanked by municipal leaders and top climate activists, the Democratic mayor said his goal is to divest the $189 billion public-pension funds from fossil fuels by 2022, which he said would make NY the first major USA city to do so.
Ready to get started? Curtis Smith, a Shell spokesman, said the courts are not the venue to address climate change. San Francisco, Santa Cruz and Oakland have done the same. Financial Times wrote that pension funds have begun withdrawing from fossil fuel companies "over concerns about their impact on climate change and fears" that they could lose value if governments enact stricter climate-change rules and regulations.Читайте также: Google Doodle Honors Indian American Scientist
Democratic Mayor Bill de Blasio received immediate blowback from some of the companies, while winning praise from environmentalists and others.
The lawsuit also alleges that all of the companies were aware of their impact on climate change but instead, "sought to obscure them", the Washington Post notes.
That said, there is something very discomfiting about a mayor who talks about his dedication to improving the lot of the poor and needy among us but who turns a deaf ear to them when they happen to reside in housing under his control.
"Reducing greenhouse gas emissions is a global issue that requires global engagement", Reddall said.
Companies countered that the courts are the wrong venue to decide public policy issues like climate change.
The state of NY is suing Exxon Mobil, maintaining the company deceived investors by withholding information about the impact of fossil fuels on climate change. The biggest driver of global warming is the burning of fossil fuels like oil and gas.
Kenneth P. Cohen, a representative for Exxon, flatly denied suppressing climate change research.
It remains unclear whether a new wave of litigation - propelled by stronger climate science, reports about how much some companies knew about climate change decades ago, and somewhat divergent legal strategy - will succeed where those efforts failed. "Yes, these are actions prudently taken to protect the wallets of all New Yorkers", Bill McKibben, 350.org co-founder, said at the Wednesday press conference.При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
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