Shell Energy Entrepreneurs banner Yudala banner
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

Views: 324

•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


 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
NIMC targets registration of 28 million Nigerians by...

ACF asks FG not to implement Confab Report...

Police kill suspected armed robber during Bayelsa gun...

MOSOP calls for end to hostilities in Ogoni...

UN yet to receive letter on Boko Haram...

Atiku assures Buhari of North-East votes

Rivers Police Commissioner dies after brief illness

Ayade urges Buhari to re-integrate Bakassi victims

Reps to probe telecom service providers

Enugu to upgrade School of Health Technology, district...

Police to set up anti-piracy units in all...

2015 elections to be turbulent —Intersociety •Rights group...

 

Latest News Boko Haram kills 5 soldiers and 5 civilians, injures many others Nigeria develops Ebola and Malaria herbal drugs Keyamo writes Buhari, demands IGP’s sack Pele collapses, rushed to hospital Court nullifies installation of 21 Oyo kings Court ridicules Union Bank, orders permanent forfeiture of dollar-filled Ikoyi flat NIMASA, Nigerian Gas Association make case for green environment Qatari royal threatens suicide Group organises free training for doctors, maternity care providers to curtail maternal, neonatal mortality Inter-Religious harmony: Emulate Shettima, HURIWA tells other Northern Governors Nigerian oil magnate jailed in UK Principal, 2 others suspended for flogging students

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (315,408 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (305,291 views) Shameless Genevieve Nnaji exposes breasts in public (244,798 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (201,468 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (190,134 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (179,398 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (155,556 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (139,792 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (136,056 views) Lagos plane crash: Journalist releases victims’ names (124,506 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (121,714 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (118,963 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (33) Business (2,854) Business Verdict (32) Columnists (792) Complaints & Requests (94) Enterprise & Opportunities (200) Entertainment (431) Features (541) Global Business Monitor (222) International (1,744) Interviews (139) Live Commentary (28) Love Matters (100) News (32,013) Opinion (865) Pidgin (10) Politics (4,356) Religion (666) Sports (1,406) Stock Watch (25) AMA & Al Jazeera Global Update

 

CBN Banner advert

CBN Words on marble

 

 

Thierry Henry in Lagos Nigeria

 

APO Group Partner

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!