New York City is suing big oil for global warming

When it comes to climate change, New York City is bringing the fight to court.

The Big Apple’s mayor Bill de Blasio announced Wednesday that the city is suing five oil companies for costs associated with damage inflicted on NYC by global warming-fueled storms.

The city will also divest the $189 billion NYC pension fund from all companies that own fossil fuel reserves. According to the mayor’s office, the plan makes New York the “largest municipality to make the divest pledge.” They estimate that the divestment will amount to $5 billion, and DeBlasio suggested that the city will reinvest in “the fuel of tomorrow.” Read more…

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