New York climate change against the rejected oil sector

A US judge dismissed the case that New York filed against the world's largest oil and gas companies because of their contribution to global warming. Bloomberg reports this Thursday.

In January 2018, New York City challenged Shell, BP, Chevron, ConocoPhillips and Exxon Mobil. New York demanded "billions of dollars" from the five oil giants. The city would need money to protect New Yorkers from the effects of climate change

Publication

The metropolis wanted companies to pay for things like improved coastal protection and campaigning. information on what citizens need to do to protect themselves. high temperatures. There is already 20 billion dollars (about 17 billion euros) in such programs.

"As climate change continues to worsen, it's up to the oil companies whose greed has led us to cover the costs of making New York safer and more resilient," said the Mayor. Bill De Blasio: "To make profit, they deliberately deceived the people."

But the New York judge now says that the judiciary can not judge that. "Climate change and solutions to this problem" must be addressed "by the other two organs of government." He referred to executive and legislative powers.

California

In June, a California judge ruled in the same way after complaints by cities of San Francisco and Oakland.This judge then stated that "the problem deserves a larger-scale solution that a local judge or jury in a lawsuit on public nuisance may offer."

more than l a pursuit, New York also wants to attack oil companies in other ways. For example, the city announced in January that the five New York pension funds would sell all their shares in the oil companies. In total, these funds hold about $ 5 billion (more than four billion euros) in shares with more than 190 oil companies.