New York sues oil giants to fund climate change defenses

New York sues oil giants to fund climate change defenses

Plans by the City of New York to sue and divest $5 billion worth of pension funds from oil companies accused of harming the environment have been heralded as a major step by environmentalists. New York City Mayor Bill de Blasio announced on Wednesday that trustees of the city’s $191 billion pension fund are devising ways to divest billions of dollars held in securities from more than 190 companies.

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