Mayor Bill De Blasio Declares War On Big Oil


Mr. de Blasio's decision to confront some of the world's biggest polluters is possibly transformative and certainly timely… The mayor's attack is two-pronged. First, he intends to divest the city's $189 billion pension fund of an estimated $5 billion invested in fossil fuel companies… Second, of potentially more consequence, he announced that the city was suing five big oil companies — ExxonMobil, Chevron, BP, Royal Dutch Shell and Conoco Phillips — to hold them accountable for emissions that have helped drive up global temperatures.