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

Mayor Bill de Blasio: Its 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 worlds most powerful oil companies over their contribution to dangerous global warming. City officials have set a goal of divesting New Yorks $189bn pension funds from fossil fuel companies within five…

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