New York City plans to divest $5bn from fossil fuels and sue oil companies

Mayor Bill de Blasio: ‘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’New York City is seeking to lead the assault on both climate change and the Trump administration with a plan to divest $5bn from fossil fuels and sue the world’s most powerful oil companies over their contribution to dangerous global warming. Related: Hurricanes and heatwaves: stark signs of climate change 'new normal' Related: Calls for greater fossil fuel divestment at anniversary of Paris climate deal Continue reading...