"We're saying simply that this city - which suffered so deeply after Hurricane Sandy - has literally experienced billions and billions of dollars of damage as a result of climate change that these specific companies aided and abetted, and they should pay damages for that, very much the same way that tobacco companies were forced to pay damages for the awful impact that they had knowingly on public health for so many years".
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.
"New York City is standing up for future generations by becoming the first major United States city to divest our pension funds from fossil fuels", saidBill de Blasio, New York's mayor.
Mayor Bill de Blasio, a Democrat, said the city also would study how to divest the city's civil servant pension funds from fossil-fuel investments, now worth about $5 billion. We are going to lead the fight against climate change as if our lives depended on it.
A BP spokesman declined to comment.
Christiana Figueres, former United Nationsclimate chief and architect of the Paris climate agreement, added: "The exponential transition toward a fossil-fuel-free economy is unstoppable and local governments have a critical role to play".
Responding to the suit, a representative for Royal Dutch Shell told the Associated Press that climate change is a complex issue that should not be addressed by the courts.
ExxonMobil said in a blogpost that lawsuits do not reduce greenhouse gases, while noting that the company believes that the risk of climate change is real and is "committed to being part of the solution".
The two-front attack was promptly pilloried by industry groups as a cynical political stunt, even as it put New York City at the forefront of the environmental movement's campaign to recruit local governments as allies in the climate change fight.
One of the new laws, 1036-A, requires the City to collect information on vacant public and private lots and buildings in areas zoned for residential use and publish the data every five years. This could, however, set off a wave of similar lawsuits due to the presence of stronger climate science and the emergence of fossil fuel industry documents showing how what some companies knew about their climate change contributions.
"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.
A day before New York's announcement, Jack Gerard, CEO of the American Petroleum Institute, gave his annual address on the state of the oil industry, and there was a noticeable shift in the message when it came to climate change. "Those lawsuits were crucial to changing the public perception of tobacco and the industry behind it, and that change helped drive new policy", de Blasio said.
Ferguson Wellman Management holds 0.02% of its portfolio in Marathon Petroleum Corporation (NYSE: MPC ) for 11,264 shares. Gideon Capital Inc holds 0.23% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC) for 4,135 shares.
Meanwhile, Hrithik will be seen as Patna-based mathematician Anand Kumar in a biopic titled Super 30 . Rakesh's tweet read, "Today is perhaps the best day to make the release day of Krrish 4 official".
But people with breathing difficulties are being advised to avoid the area until the remainder of the smoke plume is gone. Dublin Airport have moved to reassure travelling passengers that the blaze will not impact any departures.
The higher oil prices in a too-tight market could motivate USA shale producers to pump more than analysts now predict. The nation's external reserves hit a four-year high of $40.4bn on Friday, according to the Central Bank of Nigeria.
Curry has been spectacular in the five games he's played in since returning from the 11-game absence. However, Kevin Durant (strained calf) will be back on the court after missing the past three games.
The Metro Division team will be coached by Barry Trotz of the Washington Capitals and have the Caps' Alex Ovechkin as the captain. He's also known for making a splash on the red carpet, either at the all-star game or the NHL Awards show.
The five include the northern border state of Tamaulipas and the Pacific coast states of Sinaloa, Colima, Michoacan and Guerrero. Michoacan was so dominated by a drug cartel that vigilantes took up arms in 2013 to drive them out.
Former National Security Adviser Michael Flynn and a lower-level foreign policy adviser to the campaign have pleaded guilty to lying to Mueller's investigators and agreed to cooperate with the ongoing probe.
Earlier today , Mr Wolff saiid his revelations were likely to bring an end to Trump's time in the White House . Wolff hit back at Trump's claims that he lacked access to the White House and never spoke to the president.
Per previous reports, Wolf signed a four-year deal with the Browns , the same length of the contract Dorsey signed last month. Dorsey and friends will be tasked with correcting that positional weakness right away.
The Rochester-based company announced Tuesday that it's launching its own digital licensing and cryptocurrency similar to Bitcoin. This new system will allow photographers to register their work and receive payments much faster once they've been licensed.
The protests started in the Iran's second-largest city of Mashhad on December 28 before spreading to other cities. The protests have since dwindled amid arrests of more than 3,700 people, according to one Iranian lawmaker.
U.S. intelligence agencies have concluded that Russian Federation interfered in the election to try to help Mr Trump win. Mueller deputy James Quarles, who oversees the White House portion of the special counsel investigation, also attended.
Vidente and Omnitel, which are stakeholders of Bithumb, skidded by the daily trading limit of 30 percent each. The government's tough stance triggered a selloff of the cryptocurrency on both local and offshore exchanges.
The transfer of shares between NVF Tech Limited, the holders of Redux and Google was confirmed on the 13th of December, last year. I am not sure but the display-speaker integration may also help Google improve the haptic feedback on their phones.
Anyone affected by issues raised in this article can contact Pieta House on 1800-247-247 or the Samaritans on 116-123. Shortly after the vlog was removed, Logan apologized for the video, insisting he never meant to offend viewers.
The Ministry of the Navy issued a tsunami warning, which was estimated to reach the coast of Quintana Roo at 23:15 hrs. Tsunami warnings were put into effect after the natural disaster struck, but were ultimately canceled.
Atlanta Falcons offensive coordinator Steve Sarkisian is a rumored potential candidate to replace Bevell. We go into a game knowing what the defense is going to give us, the situations we're going to be in".
If Patricia does go to the Giants , watch out for Texans assistant and former Patriots linebacker Mike Vrabel in Detroit. Patricia will remain in full Bill Belichick , say nothing in any public way-mode until the Patriots' season is over.
The environmental impact was not immediately clear, and the Chinese government did not give details as to the size of the spill. Rastad said poor weather and huge plumes of smoke rising from the tanker were making search-and-rescue efforts hard .
Paul Getty's grandson, adding that "they could have my salary". "It makes me furious that her talent is undervalued in this way". Williams previously told USA Today she appreciated efforts to reshoot the film, which recounts the kidnapping of oil tycoon J.