New York Sues Big Polluters and Divests Pension Funds From Fossil Fuels

12 January, 2018, 03:36 | Author: Sheri Evans
  • NYC PAPERS OUT. Social media use restricted to low res file max 184 x 128 pixels and 72 dpi

The city of NY has announced it will divest from fossil fuels and has filed a climate lawsuit against five energy giants it is accusing of causing pollution.

The city's largest pension funds - New York City Employees' Retirement System and the Teachers' Retirement System - are on board to try to divest by 2022, said Daniel Zarrilli, de Blasio's senior director of climate policy and programs. So the city is suing BP, Chevron, ConocoPhillips, ExxonMobil, and Royal Dutch Shell, the Associated Press reports. The suit, filed Tuesday in the U.S. District Court in Manhattan, says "the City seeks to shift the costs of protecting the City from climate change impacts back onto the companies that have done almost all they could to create this existential threat".

NY would be the first major US pension plan to divest from fossil fuel reserve owners, De Blasio and Stringer said in a joint statement.

De Blasio also announced Wednesday that the city's pension funds will divest from fossil fuels, withdrawing about $5 billion from more than 190 fossil fuel companies within five years.

This is in addition to separate legal action by New York Attorney General Eric Schneiderman to hold the industry accountable for misleading the public about climate change. Conoco and BP did not comment.

WhatsApp group chats can be infiltrated without admin permission
It could even prevent any administrator's attempt to remove the eavesdropper from the group if discovered", Rösler said. As a result, any potential flaw that impacts WhatsApp's privacy is cause for concern.

Kenneth P. Cohen, a representative for Exxon, flatly denied suppressing climate change research.

"We're going to crunch the numbers and make a plan so that we get New York City's pension funds in the business of making our planet cleaner and greener with our investments, and we're going to do it while maintaining our fiduciary responsibilities", Mr. Stringer said.

The report is the latest in a series by the group critiquing public pension funds focused on environmental, social and governance investing - or what it calls "politics" - rather than maximizing returns.

"To deal with what the future will inevitably bring, the City must build sea walls, levees, dunes, and other coastal armament, and elevate and harden a vast array of City-owned structures, properties, and parks along its coastline", the suit says.

ACCF cited a recent survey from the Spectrem Group, which found that 66 percent of NY retirement system members want managers to focus on maximizing returns and returning the city to fully funded status.

How Seth Meyers Made Lemonade Out of Lemons at the Golden Globes
Said one source, "There's a rumor that the Hollywood Foreign Press Association is having Harvey come to apologize". Billy Eichner then cracked that Kevin Spacey said, "You lost me when you said 'of age'".

"Reducing greenhouse gas emissions is a global issue that requires global engagement", said Reddall.

When announcing a new city mandate in September that existing buildingscut greenhouse gas emissions, Mayor de Blasio underscored the urgency of addressing climate change.

A day before New York's announcement, Jack Gerard, CEO of the American Petroleum Institute, gave his annual address on the state of the oil industry, and there was a noticeable shift in the message when it came to climate change.

In 2017, San Francisco, Oakland, Santa Cruz, and Imperial Beach, as well as Santa Cruz County, Marin County, and San Mateo County made an attempt to sue oil companies over the role they play in climate change, but the lawsuit never made any headway.

"It's time for them to start paying for the damage they have done", Blasio said at a press conference at the Manhattan Youth Center.

Lenovo Mirage Solo with Daydream VR headset launched at CES 2018
Outside of that it appears as though the standalone and phone-based versions of Daydream VR will run the same software. The field of view isn't as wide as something like the PIMAX VR headset , but it's pretty respectable for Daydream.


  • New York Assemblywoman Indicted On 11 Counts of Fraud, Witness Tampering

    New York Assemblywoman Indicted On 11 Counts of Fraud, Witness Tampering

    Between July 2015 and January 2017, Harris committed a almost identical scheme-but this time as a sitting Assemblywoman. Her lawyer, Joel Cohen, declined to comment prior to her arraignment, which was expected to occur within hours.
    Prince Harry and Meghan Markle visit south London

    Prince Harry and Meghan Markle visit south London

    Markle is grateful to everyone who has followed her social media accounts over the years", a royal source told ABC News. Markle, a Los Angeles native, also intends to become a United Kingdom citizen, a process which will take several years.
    WIU Earns USNews & World Report Best Online Program Ranking

    WIU Earns USNews & World Report Best Online Program Ranking

    News' Best Online MBA Program rankings, once again achieving the highest ranking of any online MBA program in Mississippi. The MSU College of Business' Distance MBA program remains one of the best in the country at No. 22 in U.S.
  • Lewandowski slams 'deep state' regulators for rejecting Perry coal plan

    Lewandowski slams 'deep state' regulators for rejecting Perry coal plan

    Murray dismissed the research, claiming that Rhodium Group is "certainly biased" and "shills for the renewable energy industry". He said the FERC order to seek more information about resilience was "only the first step" rather than a final one.
    Egypt Slams NYT Report About Jerusalem Position

    Egypt Slams NYT Report About Jerusalem Position

    The White House said Pence will address the need to combat terrorism and help persecuted religious minorities. Before Trump's announcement, Abbas was scheduled to meet with Pence in the biblical town of Bethlehem.
    NAACP to protest Trump at national championship

    NAACP to protest Trump at national championship

    Jesse Jackson says the halftime song at the College Football Championship game should be "We Shall Overcome". But the president's eldest son Donald Trump Jr. denied there had been any jeering.
  • Razer Phone Gets Netflix HDR and Dolby Plus 5.1

    Razer Phone Gets Netflix HDR and Dolby Plus 5.1

    Making its debut through the event this week, the company has brought forward a brand-new concept laptop called Project Linda . Other than that, it also carries 3.5mm audio jack, USB-A port, USB-C charging port, 720p webcam, and dual-array microphone.
    All-electric concept vehicle to debut at CES 2018

    All-electric concept vehicle to debut at CES 2018

    A 150 kW (201 hp) receives energy from a 64 kWh lithium-polymer battery pack, which has a claimed driving range of 383 km. Kia hasn't given any specific timeline on when the Niro EV will go into production, but we expect a late 2018 arrival.
    Virat Kohli defends Rohit Sharma's selection, says current form was the reason

    Virat Kohli defends Rohit Sharma's selection, says current form was the reason

    The versatile actress Anushka Sharma recently tied to knot to Indian skipper Virat Kohli in a hush-hush ceremony in Italy. Those who are trolling Anushka over this have no idea maybe that a year ago Virat hit centuries after centuries.
  • "Melania Trump" Visits Stephen Colbert To Refute Michael Wolff's 'Fire And Fury'

    William Burck, a former White House special counsel during the George W. CNN has not independently verified all the assertions in Wolff's book.
    New Sony Phones Arrive In The US With Active Fingerprint Sensors

    New Sony Phones Arrive In The US With Active Fingerprint Sensors

    Quick charging is also supported to give you hours of power with just minutes of charging (requires Quick Charger UCH12W). The Xperia XA2 and XA2 Ultra have very similar features but there are some big differences between the devices.
    Reliance Jio Happy New Year 2018 offers

    Reliance Jio Happy New Year 2018 offers

    If we look at prepaid plans in price-range of Rs 450 to Rs 500, rivals Vodafone and Airtel have several offers as well. Now, Airtel has revised the plan to add seven more days' validity and offer 1GB data per day for 91 days .


Broncos not among teams that will play in London in 2018
The NFL will reduce its presence in London by one game in 2018, from four to three, the league announced Thursday morning. Even the chief executive of England's Football Association pointed out the benefits of having NFL games in London.

Google quietly purchased a United Kingdom sound tech startup
Redux's breakthrough technology transforms the User Experience by bringing surfaces to life with Sound and Touch. Google ( GOOG , GOOGL ) acquired a United Kingdom speaker tech startup late past year for undisclosed terms.

Who Will Buy GoPro? Company Said To Explore Sale
Various news sources started reporting that the sports camera manufacturer had hired JP Morgan to assist with a sale process. All the bad news from GoPro slammed the company's shares Monday, as GoPro's stock price fell 21 percent to $5.95.

Peter Beardsley fighting for Newcastle future after hearing racism and bullying allegations
Beardsley and former academy director Kenny Wharton were cleared of bullying by a Premier League inquiry back in 2003. Neither Beardsley or the club are commenting on the allegations.

Late Night Hosts Mock Trump for Botching National Anthem
Donald Trump during the national anthem at the College Football Playoff National Championship in Atlanta on January 8, 2018. The president, flanked by military members, stood near the 40-yard line with his hand on his heart as the anthem played.

CES 2018: Acer Chromebook 11 With USB-C Port Launched
The sizes of the screens will be 14-inches for the Chromebook 14 G5 and 11.6-inches for the Chromebook 11 G6. Out of the box you'll have support for Android apps, along with the regular Chrome apps and extensions.

DJ cruises to Sentry Tournament of Champions title
First I want to get to 20, then 30 and once there 40", he added. "And there were times when I putted well but couldn't sink them". Of that drive at the 12th he said:"I could see it until it landed, and I knew that it was on a good line.

Arsenal and Liverpool get a major transfer boost for Ligue 1 star
The 22-year-old drilled into the roof of the net 10 minutes later, only to be denied a second goal by the linesman's flag for offside.

The alligator's awesome ability to survive freezing temperatures
Since they're cold-blooded, they rely on the sun to warm them up which increases their body temperature. North Carolina is the furthest north the alligator species would travel.

Gas prices steady, poised for seasonal decline
West Texas Intermediate crude settled at a four-year high above $62 a barrel last week as global supply levels tightened. AAA Northeast said gas prices are up two cents in Rhode Island and up five cents in MA .