BP and Royal Dutch Shell face global warming lawsuit

12 Enero, 2018, 03:36 | Author: Arnold Perez
  • BP and Royal Dutch Shell face global warming lawsuit

To make it a reality, the city needs support from the trustees of its five pension funds. Suspending the growth of gas-fired generation capacity could indeed lead to serious problems with energy supply in NY and New England.

New York City is taking historic steps to address the very real dangers of climate change because when you are the mayor of a city surrounded by water like Mayor de Blasio, there is one thing you can bank on.

At a news conference Wednesday afternoon, de Blasio focused on the devastation caused by Hurricane Sandy in 2012, calling it "a tragedy wrought by the actions of the fossil fuel companies".

The walls aren't tumbling down on Big Oil just yet, but they may be closing in. "In a rapidly warming world, oil, gas and coal stocks are simply too high risk", Klein stated.

Legal experts have compared the wave of climate lawsuits to the lawsuits brought against the tobacco industry in the 1990s, which ultimately resulted in a $365.5 billion settlement wherein major tobacco producers agreed to pay into a fund to offset health-related tobacco costs. The World Bank announced in December that it would no longer finance oil and gas exploration.

Bill McKibben, co-founder of environmental group 350.org, also praised the move in a statement. "Earth's mightiest city now in full-on fight with its richest, most irresponsible industry". Science and economics and morality are on the side of the city, and so eventually it will win.

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Climate activists trumpeted the city's efforts.

"Right now, the tremendous costs of climate disruption are socialized".

Mayor de Blasio (pictured) and City Controller Scott Stringer plan to sue five big oil companies charging they are responsible for global warming that has cost the city billions. In short, NY needs to act fast to protect itself from the inevitable impacts of climate change - a reality that countless cities and countries around the world are forced to come to terms with.

San Francisco, Oakland and seven other cities and counties in California have filed similar suits in state court, though some of these named only ExxonMobil as a defendant. One of those firms, Exxon, has complained that it has been targeted by a "collection of special interests and opportunistic politicians" as part of a "conspiracy" to force the company to comply with various political objectives. New York City is using the centuries-old legal concepts of "public nuisance" - an illegal threat to community welfare, such as a brothel, drug den or illegal hazardous waste dump - and "private nuisance", an unreasonable interference with the use of someone else's land, Bloomberg reported. "This city is standing up and saying we will take our own action to protect our people, we're not waiting". I understand [these companies].

Well, we happen to think - and does anyone really doubt it? - that he is clearing the decks for a presidential run on a sharply leftist progressive platform he believes will attract enough voters in November 2020 for a Democratic victory.

A representative for ConocoPhillips declined to comment on pending litigation, but Chevron spokesman Braden Reddall called de Blasio's lawsuit "factually and legally meritless", as well as incapable of addressing what he called "the serious issue of climate change".

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