NYC Sues Oil Companies Over Climate Change (theguardian.com)
An anonymous reader quotes a report from The Guardian: New York City is seeking to lead the assault on both climate change and the Trump administration with a plan to divest $5 billion from fossil fuels and sue the world's most powerful oil companies over their contribution to dangerous global warming. City officials have set a goal of divesting New York's $189 billion pension funds from fossil fuel companies within five years in what they say would be "among the most significant divestment efforts in the world to date." Currently, New York City's five pension funds have about $5 billion in fossil fuel investments. New York state has already announced it is exploring how to divest from fossil fuels. New York's Mayor, Bill de Blasio, said that the city is taking the five fossil fuel firms -- BP, Exxon Mobil, Chevron, ConocoPhillips and Shell -- to federal court due to their contribution to climate change.
Court documents state that New York has suffered from flooding and erosion due to climate change and because of looming future threats it is seeking to "shift the costs of protecting the city from climate change impacts back on to the companies that have done nearly all they could to create this existential threat." The court filing claims that just 100 fossil fuel producers are responsible for nearly two-thirds of all greenhouse gas emissions since the industrial revolution, with the five targeted companies the largest contributors. The case will also point to evidence that firms such as Exxon knew of the impact of climate change for decades, only to downplay and even deny this in public.
Court documents state that New York has suffered from flooding and erosion due to climate change and because of looming future threats it is seeking to "shift the costs of protecting the city from climate change impacts back on to the companies that have done nearly all they could to create this existential threat." The court filing claims that just 100 fossil fuel producers are responsible for nearly two-thirds of all greenhouse gas emissions since the industrial revolution, with the five targeted companies the largest contributors. The case will also point to evidence that firms such as Exxon knew of the impact of climate change for decades, only to downplay and even deny this in public.
Tax dollars at work. Unless the armies of attorneys are doing the work for free out of the goodness of their hearts.
Better known as 318230.
Perhaps we should hold those burning fossil fuels responsible for doing so. The largest city in the world's worst polluting nation would be a good start. I propose that we sue New York City for their contributions to climate change.
Like cases against tobacco companies, this one will take 50 years or more.
Even ONE of these companies has more cash on hand to fight this than NYC. Expect this to get tied up in court, until the heat death of the universe. Not saying that NYC might not be right, but this will be seen as a life or death fight. Probably, this might not be much more than a money grab, seeing as how NYC already taxes everything that moves (and quite a few that don't.) Going to be interesting, to say the least.
To combust fossil fuels, or not combust fossil fuels? That is the question— Whether ’tis nobler in the mind to cherish The Dollars and cents of outrageous fortune, Or to take arms against a sea of electrical Tesla cars, And, by opposing, end them? To die, to sleep— No more—and by a sleep to say we end The heartache and the thousand natural shocks That environmentalism is heir to—’tis a consummation Devoutly to be wished! To die, to sleep. To sleep, perchance to make profit—ay, there’s the rub, For in that sleep of death what dreams may come When we have shuffled off this drilling site, Must give us pause. There’s the respect That makes dogshit of everybody's life.
Why did the chicken cross the road? Because Elon Musk put an AI chip in its head.
This is what you do when what you really want is an "oil tax" but know your already heavily-taxed citizens wouldn't stand for it. NYC would have a leg to stand on if, before filing a lawsuit, they banned all internal combustion cars in the city as well as turning off all petrochemical heating in the and all electricity from petrochemical sources. Until then, this is just a joke.
Organization? You must be joking..
York City's five pension funds have about $5 billion in fossil fuel investments.
So if NYC wins, do they also have to take responsibility for being a a co-conspirator? They did help the oil companies by financing what they were doing with $5 billion in just the pension funds alone. What other investments do/did they have with oil and coal I wonder? How much fossil fuel was, and still is used by NYC? Are they going to shut down all of the ports that oil burning ships dock at? What about all of the freight by diesel truck and trains? How about all of the stock brokers on Wall Street that deal with investments in oil and coal? They should go after them too.
I'm all for being responsible for the environment, but this is just stupid.
The alcohol industry hasn't tried to cover that up with a massive provable effort in fraud, though. Sorry bitch polluter apologist / drunk
lol
Unless you buy stock from an oil company as opposed to a third party, how can they profit from your 'investment'?
Wait, you guys did WHAT with that oil we sold you? Do you know how hard that crap is to get out of the ground and make nice and smooth?
Well I guess if you can't care for oil properly that means *no more oil for YOU*.
"There is more worth loving than we have strength to love." - Brian Jay Stanley
Care to explain why you used winos and distilleries instead of smokers and the tobacco industry? ;)
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
Gather 'round kids, watch the shills from both sides duke it out for our entertainment!
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
I assume since NYC is suing the oil companies, none of the politicians have driven a car, ridden a bus or used any kind of electricity that was produced from anything but clean energy.
Also, please make sure those windmills and solar panels were produced and delivered using clean-energy.
Don't get me wrong, I buy into clean energy, but come on...
Since oil companies are causing evil climate change and should be punished for it by NYC, the NYC would understand if evil oil companies stop selling oil/gas in NYC.
gearing up for a political run. Although it's possible this is an attempt to tie up some of the resources the oil companies use to lobby against attempts to address climate change.
Personally, if these sort of tactics are what it takes to get climate change addressed I say go for it. If you believe in science you believe in climate change. And unless you're really, really rich you're not going to be in any position to profit from ignoring it. You'll suffer with the rest of us as the price of food, drink, and everything else shoots up and wars break out because of it.
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although staling until a favorable administration was in place did.
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Another DeBlasio fuck up. The city was a hell hole but that fucking Democrat really has done the worst job yet.
Not really about party, in this case. It's not like Bloomberg was really a Republican. However, the best pro-Bloomberg argument I ever heard was that yeah, he was a nanny-state limousine liberal, but at least he wasn't another one of the City Hall hacks that often find their way into the NYC mayor's office.
Because that example would reveal that the lawsuits are successful
Subways you have to push, Intersections with Traffic cops instead of lights, horse and buggies back on broad way along with an army of street cleaners to keep the, um, horse droppings picked up. And did I mention the smell of all the people w/o AC in the summer or water to shower with year round if they live above the 5th floor?
"File to fit, pound to insert, paint to match" - Aircraft Maintenance 101
Ok, stop selling any fuel within NYC. Lets stop this global warming. Lets see how much people want global warming when there is no gas to be found in NYC?
Where to start? Here's a few off the top of my head:
1. Petrochemicals are not just used for fuel, they are used to make plastics, fertilizer, and other chemicals (and medicines) that make modern standards of living possible, and prop up the lifestyle of every single New Yorker, from limousine liberal Manhattanite to hipster-doofus Brooklynite and everyone in between.
2. Most CO2 come from burning coal, not oil, and not in Western countries.
3. As others point out, as admitted shareholders, NYC is suing itself here. Great use of taxpayer dollars.
4. Global warming is a hoax. Given the fervor of the lefties about it in recent months, I'm honestly starting to believe that even the science is a hoax, not just the politics of it. Really. Honest to God.
Good I hope they take the planet destroying a*holes to the cleaners. That industry has known since 1959 when that left wing loon Edward Teller told them that their product was likely to lead to climate change https://www.theguardian.com/en... and by implication millions of deaths and the destruction of large parts of the planet. Their response - carry on selling the poison.
Good luck with that.
Oliver's law of assumed responsibility: If you're seen fixing it, you will be blamed for breaking it.
Flooding and erosion? Maybe Australia and New Zealand can sue for all the skin cancer?
Will these big companies be able to sue NYC for the profits it had over the years thanks to technological development driven by these companies or will the residents be able to sue for the taxes NYC collected all these years without tending to the well-known erosion and flooding issues that have targeted the city for the last 40 years.
The city allowed significant development below the sea level and its land has been well known to be sinking for centuries, you can find news reports back to the 1820's about the situation that NYC is in.
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Other than all the other obvious social engineering comments about going after oil companies rather than people who burn the fuel, I'm also annoyed by the whole divestiture thing.
Who are the oil companies? The guys on the oil rigs? The executives? Or the stockholders? If New York has all these funds that are invested in petroleum companies, wouldn't it make them the owners?
Selling your stock before a big lawsuit ? If they are the owners of the companies they are suing, I'd love to see a court insist they hold onto the stock until the conclusion of the suit. If for some inexplicable reason they win a big settlement it would likely drive down the value of the stock they hold in those companies. Seems fair to me.
This is publicity whoring for Cuomo. He'll be announcing his candidacy for President in a few weeks. Expect plenty more of the same over the next couple of years.
It's a duality of assholery, either way.
It little behooves the best of us to comment on the rest of us.
We all should sue Bill de Blasio, mayor of NYC for being a waster of good oxygen while outputting CO2. Tim S.
This sounds like politics not law. I doubt they cannot be liable for environmental damages if they were following the environmental regulations. If anything, NYC is liable for not setting sufficient environmental laws to prevent the damage. There is definitely precedent for regulatory bodies to be sued if they knew their regulations were not sufficient. This sounds similar to how a boat captain cannot be sued for mishaps so long as the ship was up to standards and the captain didn't do anything negligent. Basically: If you followed the regulations, you are not liable. Even stranger is that, of course, since CO2 build-up in NYC can happen because of fossil fuels burnt in London, the entire case is completely out the window.
As for the whole divestment thing, that's done all the time and isn't even newsworthy. That's the other reason I suspect someone is just starting an early re-election campaign.
It is not double taxation. You are expected to pay federal like everyone else. Now you just are forced to face how bad your local gov has you bent over.
NYC, if you're seriously concerned about global warming due to use of fossil fuels, disconnect all the electric lines going into the city if the power source is driven by fossil fuels, then prevent the sale, use, or transportation of fossil fuels within the city. If you don't stop the consumption of fossil fuels, then you are nothing but slimy hypocrites trying to engender favorable press coverage for political advantage.
Circle the wagons and fire inward. Entropy increases without bounds.
"evidence that firms such as Exxon knew of the impact of climate change for decades, only to downplay and even deny this in public" That's pretty much it. If they knew that their product was doing damage and they worked to suppress this information then that's what they are culpable for. Actually mining and delivery a product that we demanded and paid for ... that's not the kind of thing you sue someone for. But if you sell me something and lie to me in the process, it's the lie that gets you in trouble.
I feel there are questionable elements to the current research on man induced climate change (not to mention there are sooo many other forms of pollution that are way worse that we really need to stop. There's a toxic lake in China where byproduced are dumped from manufacturing all of our cheap crap).
However, I'm for this if they use the god damn money to fix their crumbling rail infrastructure. Penn Station needs to be completely renovated, and the subways are in desperate need of maintenance. But knowing the city officials in terribly corrupt cities like NYC, I'm sure it will all go into the pockets of big money contractors and fat cats.
Just outlaw all gasoline and diesel sales in New York State. Problem solved. It would fix that, and them.
What's next, lawsuits against XM for destruction of the luminiferous aether?
Or maybe a suit against a logging company for destroying the habitats of unicorns?
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Exactly. Stop the gas and gas tax flowing see NYC politicians hanging from lampposts in 24 hours.
"The average reporter we talk to is 27 years old......They literally know nothing." - Ben Rhodes
Shhhh, it's more fun when they realize it themselves.
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
NYC should do its part as well and stop yellow cabs driving around aimlessly in anticipation of customers. Have distributed waiting areas for the taxis to park and a means to call a cab that shows up at the street corner a few minutes later. That will not only minimize the waste of gas, but also reduce traffic, and reduce the fine dust emissions from exhaust and rubber tires hitting crappy roads.
It is a similar case like the proceedings against tobacco companies. Or do you argue that they were without fault because they did not force anyone to light up?
The gas company is the one with the money and they are the source of the problem.
Says the addict who probably still stops to fill up their car several times a month... Pass that buck on. You know climate change is real, but you still have a gas powered car, burn natural gas to heat your home and probably to cook with, and chances are good the electricity you are using to type comments on Slashdot doesn't come from solar or wind...
Yes it's an anecdote! Were you expecting original research in a Slashdot comment?
A better analogy would be a tobacco company. Can a smoker sue a tobacco company that covered up reports of health damage as a result of smoking and continued to sell their products without any health warnings for decades after they became aware that they cause cancer and death? The answer, by the way, is yes and they have done so successfully.
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Says the addict who probably still stops to fill up their car several times a month.
Do you have a better option for transportation than subsidized fossil fuel powered vehicles? No you do not. And why do we only have the one option? Because we subsidize fossil fuels directly to the tune of around $5 trillion per year globally and considerably more indirectly in the pollution we allow to be emitted without cost.
You know climate change is real, but you still have a gas powered car, burn natural gas to heat your home and probably to cook with, and chances are good the electricity you are using to type comments on Slashdot doesn't come from solar or wind...
Grow up. What I do individually doesn't make any meaningful difference. At all. The only way to fight climate change in a meaningful way is with regulations at the nation state level. You pretend otherwise at all of our peril. Your lame attempt to paint me as a hypocrite might have some bite if there was actually another realistic option beside subsidized fossil fuels. Solar only seems expensive because coal and gas don't have to pay for the pollution they cause. Seriously smart guy, explain to me how we transition the general public off of fossil fuel power without taxing the heck out of it and removing both direct and indirect subsidies.
Oh and for the record I actually do have solar panels on my house, I pay for renewable generated power on my electric bill and my wife drives a hybrid that requires zero gas for her daily commute. As soon as there is an option that makes sense I will happily drop my daily driver for an EV. I've replaced every light bulb in my house with LEDs, my water heater is tankless so I don't burn gas needlessly, and I have recently installed a high efficiency furnace and upgraded insulation. While I recognize that none of this will move the needle on climate change, I'm doing my part anyway. And in some cases it actually saves me money which is a nice bonus.
You can't sue a company for misuse of its products.
Until then it is a legal activity.
Taking tax breaks that are available to all companies is not a subsidy. You are delusional and outing your condition on slashdot.
It wasn't the oil companies that burned the fuel to pollute the air, it was the vehicle operators
This is like holding gun manufacturers responsible for gun deaths, or ammunition manufacturers to be specific, rather than the person that pulled the trigger.
This is like holding fast-food restaurants responsible for their customer's obesity, rather than blame the customer that repeatedly made a poor diet choice.
Why not just take the billions you want from the oil companies, divide it by the number of legally registered cars and trucks in the state of New York and make a one-time assessment of each driver of their fair share?
Ken
Don't worry, the gas users will pay eventually because gas companies will have to raise prices to account for the damages they have to pay and factoring in risks of being sued for more damages.
There are a lot of coastal cities.
Does NYC prefer that no product of oil companies reach NYC? If they are suing the Oil companies for providing their product, does that mean the NYC politicians are unequivocally against those products being sold in NYC? So if no gasoline was available in NYC, that would see it as an improvement? Yes, I get that they are suing to recoup externalities, but that's already recouped through tax. They can increase the tax if they think it doesn't recoup the externalities fully. If they are suing, that mean they have to allege that something untowardly has taken place. Which means that they would be Ok with having Oil companies exit the NYC market. Are they? Really? Ironically, the aftermath of hurricane Sandy (when most gas stations in NY/NJ area were off line) would be a nice preview of what would happen.
Any guest worker system is indistinguishable from indentured servitude.
If I manufacture a product the use of which does harm not just to me, but the entire ecosystem of the planet and all civilizations, and I then knowingly and willingly try to misrepresent or hide the damage it's doing to further my own profit, that's deceitful and damaging to everyone. and it's definitely something that one should get sued over.
One should not get sued over that. One should be imprisoned over that.It is knowingly committing fraud, and technically conspiracy to commit manslaughter, as climate change on the scale we are seeing is going to directly lead to a non-zero number of deaths. (manslaughter, as murder is usually reserved for death with intent, but manslaughter is more typically applied to negligent death cases).
HA! I just wasted some of your bandwidth with a frivolous sig!
The better target of vindictive lawsuits would be to sue those who did unlawful acts instead of legal acts in years past. Sue the drug pushers and smugglers for reparations for addiction instead. The last time I looked; it was not lawful to make something illegal and apply it retroactively. Or do these high dollar attorneys in NYC see a cash cow of public outrage to milk over an issue that is another nothing burger but lucrative to tie up in court for decades?
NRRPT/RCT
ICOADS Release 3.0 (R3.0) was completed in June 2016 with data covering 1662-2014, plus preliminary data and products for 2015-present in near-real-time.
Data to suit your needs is not science. One of the many, many complaints I have with Climate Science. Of course many believe that if you don't believe in Climate Change, what ever that implies, than you are not a scientist. Bill Nye believes that AGW has forestalled the next Ice Age. Why he still thinks AGW is bad is just part of what makes him and Al such great spokes models.
Or the doctor from that movie diagnosing the climate: "I see what your problem is, your climate's all fucked up and your shit's out of whack" lol
Versus when others chose to divest portfolios: Harvard University activists were an early proponent of divesting from companies associated with fossil fuels, but the wheels of change moved so slowly, the legendary portfolio actually lost money from fallling oil prices before the pressure to sell off these assets reached a crescendo.
After finally winning the divestment prompted the sell off of petroleum and coal assets at a time of market downturn.
Happiness in intelligent people is the rarest thing I know.
Ernest Hemingway