To Fight Climate Change, New York City Takes On Oil Companies

Seeking to position himself as a national leader against climate change, Mayor Bill de Blasio on Wednesday announced a two-pronged attack against the fossil-fuel industry, including a vow that city pension funds would divest about $5 billion from companies involved in the fossil fuel business. The mayor also announced a lawsuit against five major oil companies, seeking to collect billions of dollars in damages to pay for city efforts to cope with the effects of climate change. “This city is standing up and saying, ‘We’re going to take our own actions to protect our own people,’” the mayor said, wearing a green necktie and sitting in front of large green sign that said “NYC: Leading the Fight Against Climate Change.” He added, “We’re not […]

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