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New York City Is Suing Oil Companies Over Climate Change!

1,433 views · Published 24 January 2018 · 4:45 · Indexed 21 September 2026

Channel: NerdAlert · 2018 · News & Politics

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NYC is suing oil companies over climate change! Kim & Jenna Busch break it down. Give us your thoughts in the comments below!

"NYC mayor Bill de Blasio officially announced that the city will be the first to divest all its pension funds – a total of $191 billion – from fossil fuels. That means roughly $5 billion in fossil fuel investments will be taken away from fossil fuel companies, which is reportedly the largest of any municipality to date.

At the same time, the city has launched legal action against five major oil organizations: ExxonMobil, Chevron, BP, Royal Dutch Shell, and ConocoPhillips. Arguing that they played a key role in anthropogenic climate change, New York City is asking that they pay for the defensive measures the metropolis is having to put in place in order to stave off climate-associated damage."

*http://www.iflscience.com/policy/new-york-city-suing-five-worlds-largest-oil-companies-over-climate-change/all/

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