BP and Royal Dutch Shell face global warming lawsuit

Jan 13, 2018, 03:34
BP and Royal Dutch Shell face global warming lawsuit

New York City Mayor Bill de Blasio, center, announced that the city is suing five major oil companies over climate change.

Curtis Smith, a spokesman for Shell, said climate-change policies "should be addressed through sound government policy and cultural change to drive low-carbon choices", and not by the courts.

Climate activists trumpeted the city's efforts.

"This is a first-in-the-nation step to protect our future and our planet-for this generation and the next".

NY said that would become first major USA pension plan to complete such an exit. The cities of San Francisco and Oakland previously sued fossil fuel companies for damages related to their role in climate change. These include rising sea levels, high temperatures, high precipitation and an increased likelihood of more frequent and intense flooding. In fact, the number of proposals submitted by his office has nearly doubled over the past three years, vaulting the New York City Retirement Systems onto the top-10 list of most prolific sponsors of such resolutions anywhere in the country. "People watch what NY does". But the price tag for this effort is around $20 billion, according to the mayor's office. "As someone with a small city pension, I can also state unequivocally my financial future is inextricably bound to this planet's future", he said in a statement. For example, Marin County claimed that there was a 99% risk it would experience a major flood before 2050, but it has not disclosed that information in municipal bond offerings. According to some estimates, the water surrounding the city could rise by six feet within the next 100 years. "This city is acting".

Who Will Pay for It?

"Our announcement sends a message to the world that a brighter economy rests on being green", Stringer said in a statement.

Comedian Jerry Van Dyke Dies at 86
It's said that the actor's health has been on the decline since being involved in a serious vehicle accident about two-years ago. Nelson in the aforementioned Coach (pictured right), which aired for nine seasons between 1989-1997.

FA Cup match report Manchester United v Derby County 05 January 2018
Manchester United book their spot in the fourth round of the FA Cup courtesy of a 2-0 win over Derby County at Old Trafford. Lingard and Paul Pogba both had early attempts for a United team that started on the front foot at Old Trafford.

Mo Salah wins the 2017 African best player award
Salah scored 38 goals in 2017 for clubs and country - a huge total for an inverted winger cum forward. Taking home the women's national team of the year award was South Africa's senior side.

ExxonMobil spokesman Scott Silvestri told the Associated Press that the company has made good faith attempts to address climate change. The World Bank announced in December that it would no longer finance oil and gas exploration. Bigger than fossil fuels? The wide ranging case is investigating whether ExxonMobil misled investors about the impact of its operations on climate change.

A Conoco Phillips spokesperson said the company does not comment on pending litigation. The lawsuit argues that the responsibility for the escalating natural disasters due to climate change falls on these oil companies, which have reaped the benefits of polluting the atmosphere.

"Our industry has led the way in reducing U.S. carbon emissions to their lowest levels in almost 25 years due to the increased use of clean and abundant natural gas to deliver reliable electricity, " API New York Executive Director Karen Moreau said in a statement.

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". De Blasio's office said climate change is "perhaps the toughest challenge New York City will face in the coming decades".

However, senior vice president and general counsel of the National Association of Manufacturers Linda Kelly felt otherwise, saying the lawsuit is just a political maneuver on the part of Mr De Blasio.

Main image: Screen capture of NYC flood predictions from Climate Central.

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