New York City Sues Oil Companies in Climate Change Lawsuit -- 2nd Update
10 Janvier 2018 - 7:46PM
Dow Jones News
By Corinne Ramey
New York City filed a lawsuit against five major oil companies,
asking for billions of dollars to protect the city from climate
change.
"In this litigation, the City seeks to shift the costs of
protecting the City from climate change impacts back onto the
companies that have done nearly all they could to create this
existential threat," said the complaint, which was filed in U.S.
District Court in Manhattan.
The complaint said that "the very climate disruption and
injuries that Defendants' scientists and consultants warned them
about decades ago have now arrived."
The city filed the suit against oil companies BP PLC, Chevron
Corp., ConocoPhillips, Exxon Mobil Corp. and Royal Dutch Shell
PLC.
A Shell spokesman said the company believes "climate change is a
complex societal challenge that should be addressed through sound
government policy and cultural change to drive low-carbon choices
for businesses and consumers, not by the courts."
The other four companies didn't immediately respond to requests
for comment.
San Francisco and Oakland filed similar suits in September
against the same five companies.
New York City Mayor Bill de Blasio and Comptroller Scott
Stringer on Wednesday also pushed the city's five major pension
funds to begin studying ways to divest from fossil fuel
investments, saying the city should take a more active role in
fighting climate change.
That kind of investment decision requires approval from the
trustees of the city's pension funds. Officials for Messrs. de
Blasio and Stringer, both Democrats, plan to present a proposal
calling on the funds to take the measures on Thursday. Some funds
may choose to accept the proposals while others may not.
Write to Corinne Ramey at Corinne.Ramey@wsj.com
(END) Dow Jones Newswires
January 10, 2018 13:31 ET (18:31 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Exxon Mobil (NYSE:XOM)
Graphique Historique de l'Action
De Sept 2024 à Oct 2024
Exxon Mobil (NYSE:XOM)
Graphique Historique de l'Action
De Oct 2023 à Oct 2024