New York City mayor seeks billions from oil companies, blames them for climate change

January 11, 2018

A week after a brutal snowstorm froze New York City, Mayor Bill de Blasio delivered a one-two punch Wednesday in the name of climate change, announcing he will seek billions in damages from five major oil-and-gas companies while moving to divest from fossil fuels.

“It’s time for them to start paying for the damage they have done,” Mr. de Blasio said at a press conference at the Manhattan Youth Center. “It’s time for Big Oil to take responsibility for the devastation they have wrought.”

The two-front attack was promptly pilloried by industry groups as a cynical political stunt, even as it put New York City at the forefront of the environmental movement’s campaign to recruit local governments as allies in the climate change fight.

Flanked by municipal leaders and top climate activists, the Democratic mayor said his goal is to divest the $189 billion public-pension funds from fossil fuels by 2022, which he said would make New York the first major U.S. city to do so.

Mr. de Blasio also announced that the city has filed a lawsuit against five top energy producers, blaming the companies for greenhouse-gas emissions that he said have produced disasters such as Hurricane Sandy in 2012.

2 Comments - what are your thoughts?

  • Dee says:

    Yea but the Morons in New York just re-elected the idiot . Nothing like making the same mistake over and over . Blasio also went against the charter schools , just another example of how the left wants to keep people dumbed down so they can keep getting elected .

  • Humble Servant says:

    Mr. de Blasio your an ignorant idiot from a malnourished public school system. Anyone that figures that man has all this power and God has nothing to do with this is a fool. If you attack oil companies you are attacking your people using oil products. I know you could not of had any economics classes so let me tell you how these oil companies make money. They sell us Americans our transportation fuel and our home heating fuels and fuel to generation electricity and the petrochemicals for our plastics and for our agricultural fertilizers and our medical devices. So when you penalize someone this large who the heck are you penalizing? God HELP Ignorant people, especially Politicians…
    You pull your gigantic public mother ship up to the pumps with the other three security vessels and fill up with a liquid, you have no idea what it is, that propels you across land to your next movie star moment. You penalize the oil companies and you are penalizing US American.
    Shut up and do your job and if you do not know what this job is then get out.

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