Posted on 01/10/2018 9:59:05 AM PST by Oldeconomybuyer
The city is moving to dump its investments in fossil fuels, and suing five big oil companies charging they are responsible for global warming that has cost the city billions.
Mayor de Blasio and City Controller Scott Stringer plan to announce at a press conference Wednesday that the city's pension funds will aim to divest from $5 billion in investments of more than 190 fossil fuel companies within five years.
And the city filed a lawsuit in Manhattan federal court against five big oil companies — BP, Chevron, ConocoPhillips, ExxonMobil, and Royal Dutch Shell — looking to force them to help foot the bill for the $20 billion the city is spending to rebuild from Hurricane Sandy and protect itself against future storms.
"As climate change continues to worsen, it's up to the fossil fuel companies whose greed put us in this position to shoulder the cost of making New York safer and more resilient," de Blasio said.
(Excerpt) Read more at nydailynews.com ...
Or better yet, shut down every gas station and see how they like it.
If they complain, the companies should tell them, “we’re doing our part to solve the problem by refusing to sell our product since it is causing the problem.”
Nope; stop selling ANY PETROLEUM BASED PRODUCT to NYC.
Every thing from baggies to jet fuel to lubricating products.
You could easier list the things that are NOT petroleum based than all the things that are.
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