NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
Chevron, ExxonMobil, Shell, 2 other oil giants sued over global warming

By News Express on 11/01/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 924

•New York Mayor Mayor Bill de Blasio
•New York Mayor Mayor Bill de Blasio

New York City is making a move against the fossil fuel industry on two fronts.

Democratic Mayor Mayor Bill de Blasio announced Wednesday the city is suing five big oil companies for global warming and divesting $5 billion in oil investments from the city’s pension funds.

“We’re bringing the fight against climate change straight to the fossil fuel companies that knew about its effects and intentionally misled the public to protect their profits,” de Blasio alleged Wednesday. “As climate change continues to worsen, it’s up to the fossil fuel companies whose greed put us in this position to shoulder the cost of making New York safer and more resilient.”

The mayor compared the oil companies to cigarette manufacturers, who knowingly made and marketed a product they knew was deadly.

Three of the five companies the city is suing – Chevron, ExxonMobil and Shell – said the lawsuit has no merit and that the courtroom is not the place to fight global warming.

BP and ConocoPhillips declined to comment.

Mayor de Blasio and City Comptroller Scott Stringer also announced plans to sell off $5 billion in fossil fuel investments from the city’s $189 billion pension fund for employees – the largest such divestment of any U.S. city.

“Safeguarding the retirement of our city’s police officers, teachers and firefighters is our top priority and we believe that their financial future is linked to the sustainability of the planet,” Stringer said.

New York Governor Andrew Cuomo announced similar plans for the state pension funds last month.

Several other U.S. and European cities, universities and global funds have also sold off their oil company interests. (VOA)

Source News Express

Posted 11/01/2018 8:54:01 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Tragedy hits South African soccer; Bafana Bafana skipper...

Fashola begs for forgiveness, lists achievements

EFCC arraigns Ex-Naval Chief, others for N600m fraud...

Fulani Killings: ‘Buhari Complicit’

21,780 teachers fail primary 4 exam

Traditional rulers collaborating with criminals to unleash terror...

Appeal Court okays Wike's probe of Amaechi

Charity Hospital Ship set to perform free surgeries...

Igbos ready to dump PDP for APC —OKOROCHA...

Rains likely today in Sokoto, Gusau, Kano, Yelwa,...

NESREA urges Enugu residents to stop dumping waste...

Buhari inaugurates minimum wage committee, seeks decent wage...

 

Latest News University of Maiduguri produces 78 First Class graduates Ebonyi to empower 235 spouses of security personnel Unclaimed PVCs: Bayelsa to sensitise communities Dogara to Premium Times: Retract your libelous story or we meet in court Coalition begins grassroots mobilisation for Ugwuanyi’s second term IMSO Boss Chuma emerges Ekene Enefe Campaign Organisation DG Media and Publicity Looters’ List: Court restrains Lai Mohammed Nigerians abroad send $22 billion home Why we arrested Dino Melaye: Immigration Service Governance in Nigeria has collapsed — Soyinka US-Nigeria Investment Summit: FG clears absentee ministers Troops destroy Boko Haram training camp in Borno

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (339,569 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (334,549 views) Shameless Genevieve Nnaji exposes breasts in public (267,712 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (220,141 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (202,051 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (198,051 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (172,794 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (155,140 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (147,079 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (138,962 views) Lagos plane crash: Journalist releases victims’ names (136,852 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (129,539 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (36) Business & Economy (3,067) Business Verdict (40) Columnists (836) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (483) Features (569) Global Business Monitor (263) International (1,923) Interview (149) Live Commentary (28) Love Matters (116) News (34,686) Opinion (916) Pidgin (10) Politics (4,804) Religion (722) Sports (1,484) Stock Watch (28) AMA & Al Jazeera Global Update

 

 

NLNG Science and Literature Prize Awards

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement