New York City suing major oil companies over global warming

New York City

New York City

The world's biggest oil companies must reimburse New York City for billions of dollars in repairs and planning to combat climate change partly caused by the fossil-fuel-burning companies, a new lawsuit charged Wednesday.

Meanwhile, the city has sued five largest fossil fuel companies including BP, Chevron, ConocoPhillips, Exxon Mobil and Royal Dutch Shell, seeking damages to help protect the region from climate change.

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. Works carried out using this initial funding will be the "first step" in preparing the city for climate change, but more will be needed.

"ExxonMobil welcomes any well-meaning and good faith attempt to address the risks of climate change". ExxonMobil has tried in court to stop that investigation, along with a parallel one being carried out by MA.

New York City is seeking billions of dollars in damages that will be used to fortify the city against extreme weather, rising seas, and future major storms such as 2012's devastating Hurricane Sandy. But that's not all New York City is doing to fight climate change. The cities of San Francisco and Oakland and the city and county of Santa Cruz have also filed suit this year. "And not to overstate the case, but I actually think this could change the world", she added. Under Trump, the federal government has attempted the withdraw the U.S. from the Paris climate accords, tear up Barack Obama's signature climate policies and open up vast areas of America's land and waters to coal, oil and gas interests.

A BP spokesman declined comment.

"Our industry has led the way in reducing USA carbon emissions to their lowest levels in almost 25 years due to the increased use of clean and abundant natural gas to deliver reliable electricity, " API New York Executive Director Karen Moreau said in a statement.

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FILE PHOTO: WikiLeaks founder Julian Assange is seen on the balcony of the Ecuadorian Embassy in London , Britain , May 19, 2017. Assange later taunted after Lasso's loss that he would "cordially invite Lasso to leave Ecuador within 30 days".

ExxonMobil's corporate media relations manager, Scott J. Silvestri, said in a prepared statement that "lawsuits of this kind" are "filed by trial attorneys against an industry that provides products we all rely upon to power the economy and enable our domestic life".

The difference now, Burger said, is that the claims are being brought under state, rather than federal, law - and that strategy remains to be tested. "This city is standing up and saying we will take our own action to protect our people, we're not waiting". The funds are worth a total of $189 billion. Let's be clear: "that's where it came from", de Blasio said. He detailed the 44 people who died in NY as a result of Sandy, as well as the estimated $19 billion in damages it caused, saying: "That is the face of climate change".

New York City officials are citing climate change as their motivation to join a growing number of entities divesting themselves of financial interest in fossil fuels.

"The city of NY is taking on these five giants because they are the central actors, they are the first ones responsible for this crisis, and they should not get away with it anymore", he said.

"We are going after those who have profited", the mayor said. "And what a frightful, disgusting way to profit". "It's time that things change in the way we do business". "This is one of the handful of most important moments in that 30-year fight", McKibben told reporters. Now, with a prominent city outside of California pressuring these oil giants, New York City is setting a precedent for other states to tackle the issue as well.

NY would be the first major US pension plan to divest from fossil fuel reserve owners, De Blasio and Stringer said in a joint statement.

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