New York City is the latest - and largest - U.S. city to sue five big oil companies for billions in damages from the impacts of climate change, such as rising seas and extreme weather.
Also, New York City Mayor Bill de Blasiosaid that the city's $189 billion pension fund would divest itself of fossil fuels, although such a move would need to be approved by the funds' trustees.
New York's goal of eliminating about $5 billion in securities of almost 200 oil companies, would be among the biggest public pension divestments from fossil fuels to date, the city said in a statement.
Meanwhile, de Blasio and Comptroller Scott Stringer also announced that they will divest the city's five pension funds of roughly $5 billion in fossil fuel investments out of its total of $189 billion, which would make New York City the first major U.S. pension plan to do so.
"We're using this moment to send a message to the world", said New York City Comptroller Scott Stringer. As annual pension costs are rising to levels that had not been seen since the city faced an economic crisis in the 1970s, de Blasio's 2018 budget added $9.6 billion in payments to the pension funds.
Five years ago, Superstorm Sandy ripped through the most populous city in the United States, spreading destruction fueled by climate change. NY state has already announced it is exploring how to divest from fossil fuels. Just last week, the state of New York's comptroller, Thomas DiNapoli, said the public pension funds he controls have "no plans" to divest, citing his fiduciary responsibilities to pension holders.
Surge in flu cases in Longford as winter sets in
Bela Matyas, Solano County Health Officer and Health and Social Services Deputy Director, in a prepared release. Much of the country is grappling with what could be a worse-than-usual flu season, state health officials said.
"Our industry has led the way in reducing USA 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. 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.
The lawsuit claims that the city is "spending billions of dollars" to protect coastlines from storm surges and rising sea levels, constructing barriers like sea walls, levees, and dunes around the island. "We know all too well that low-income communities and communities of color are disproportionately impacted by the greed of the fossil fuel industry and their contribution to climate change", Yeampierre said in a statement.
In 2015, New York's Attorney General Eric Schneiderman began investigating whether Exxon lied to the public and its investors about climate change's risks.
The Mayor's Office said in a statement that the cost of the so-called "resiliency" programme which includes improvements to aging "physical infrastructure, like coastal protections, upgraded water and sewer infrastructure, and heat mitigation, but also public health campaigns, for example to help protect residents from the effects of extreme heat" could cost the city upwards of $20bn in the near future.
NY charges in the lawsuit that it is "spending billions of dollars" to protect its coastlines, its infrastructure and its citizens from climate warming. "If somebody sues, they say, 'We'll squash.' Well, come on, people, try to squash us".
NY charges in the suit that it is "spending billions of dollars" to protect its coastlines, its infrastructure and its citizens from climate warming. ExxonMobil has instead reacted strongly to the claims, seeking in Texas court to depose California state officials and others involved in bringing the cases for "potential claims of abuse of process, civil conspiracy, and violation of ExxonMobil's civil rights".
"About last night.shut the place down!" Kidman won Best Actress in a Limited TV Series for her role in " Big Little Lies ". Margot Robbie could also take two Globes for starring in and producing I, Tonya , although she faces stiff opposition.
Powered by an Intel Celeron processor, the Acer Chromebook 11 CB311 will be available in both 2GB and 4GB RAM variants. The HP Chromebook 11 G6 EE will be available in February, but there is no word on the pricing at this point.
It was during the 1991 Nationals when Harding became the first American woman to land a triple axel jump in competition. In one instance depicted in the film, Golden throws a steak knife at her daughter, which lodges in Harding's arm.
The audience audibly groaned when he predicted that Weinstein would be "the first person ever to be booed in the In Memoriam ". And while the topics of sexual harassment and gender inequality are serious, Meyers did his best to lighten the mood.
Mario steps onto the court in classy tennis garb for intense rallies against a variety of characters in full-blown tennis battles. Instead, the Direct appeared on January 11 with very little notice and brought with it a host of Nintendo Switch announcements.
Air India, which is staying afloat on taxpayers' money, is estimated to have a debt burden of more than Rs 50,000 crore. Till date, 49 per cent FDI was allowed under automatic route, while beyond that government approval was required.
There's also a BIOS update that puts the battery into "Battery Safe Mode" to prevent it from operating in a unsafe way. HP has just announced a worldwide voluntary safety recall for selected notebook and mobile workstation batteries.
The authors added: "Cyber vulnerabilities within nuclear weapons systems and structures present a whole set of dangers and risks". Russian President Vladimir Putin has said that whoever controls artificial intelligence in future will "control the world".
It'll be a shame to see Project Linda go to docks, but even if Razer comes up with the commercial launch, it won't be cheap. Looking at the dimensions of the trackpad surface area, it looks like you can only dock the Razer Phone and nothing else.
In addition to these new online modes, Super Mario Odyssey will add a few new updates to expand the usage of the game's features. After beating the main story, this update will allow players to talk to Luigi and gives access to a new competitve mode.
Walmart To Raise Starting Wage To $11, Citing Tax Cuts
All employees will also receive a one-time bonus, with those who have at least 20 years on the job qualifying for $1,000. Walmart's stock was up less than half a percent Thursday morning, having rallied more than 45 percent from a year ago.