New York City Suing 5 Oil Companies Over Global Warming
|01/11/2018||Posted by BusinessMediaguide.Com under General World News||
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 read more >>>