New York City's "toughest challenge" may be climate change in the coming decades.
In December, the United States did not attend worldwide climate talks in Paris, at which countries announced they were boosting investment in green energy and divesting from fossil fuels. Seven Californian coastal towns have filed similar cases, and a group of kids is also suing oil companies and the federal government for failing to protect the environment.
"This is what climate leadership looks like", said Michael Brune, Executive Director of the Sierra Club.
"This city is standing up and saying, 'We're going to take our own actions to protect our own people, '" the mayor said, wearing a green necktie and sitting in front of large green sign that said "NYC: Leading the Fight Against Climate Change".
So far, that has not been the response.
ExxonMobil asked the Tarrant County District Court in Fort Worth to allow it to depose several California officials and others. Curtis Smith, a Shell spokesman, said the courts are not the venue to address climatechange.
BP and ConocoPhillips declined to comment. Reducing greenhouse gas emissions is a global issue that requires global engagement. "Lawsuits of this kind - filed by trial attorneys against an industry that provides products we all rely upon to power the economy and enable our domestic life - simply do not do that". "Should this litigation proceed, it will only serve special interests at the expense of broader policy, regulatory and economic priorities", Braden Reddall, senior external affairs advisor, downstream, midstream and corporate affairs for Chevron Corp. told CSD.
Once trustees from each of New York City's five pension funds have been given an analysis of the proposed divestment, and the risk and return characteristics of the portfolio have been addressed by the Office of the City Comptroller's Bureau of Asset Management (BAM), they will seek legal opinion regarding whether the divestment would comply with fiduciary duties to beneficiaries.
New York Mayor Bill de Blasio announces a lawsuit against five oil companies at a press conference on January 10, 2018. Let's be clear: "That's where it came from", he said. "That is what it means in human and real terms".
While the New York City retirement systems remains grossly underfunded, the city comptroller continues to devote a disproportionate amount of official resources toward undermining numerous funds' own portfolio companies through the near-constant filing of various shareholder proposals.
"I think we're at the point where we need to get over the conversation of who believes and who doesn't, and move to a conversation about solutions", Gerard said, referring to climate change. "And what a frightful disgusting way to profit in a way that has put so many people's lives in danger".
"It's time that they are held accountable", de Blasio said. "If we no longer assume that fossil fuels are innocent, if we no longer assume we have to keep investing in them, that changes the conversation".
The city on Wednesday also announced a goal to divest its $189 billion pension system from fossil fuel reserve owners within five years.
Scott Stringer, the city comptroller and the funds' primary custodian, has now announced plans to divest New York City's two largest pension funds, irrespective of the potential for weaker fund performance.
The city now spends millions of dollars dealing with the effects of disasters caused by climate change, according to writer and activist Naomi Klein, author "No Is Not Enough" and co-founder of The Leap.
State Department is warning tourists to "completely avoid" five states in Mexico because of rampant criminal and gang activity. Colima, Guerrero , Michoacán, Sinaloa and Tamaulipas have all been classified as a level 4 risk, the highest on the scale.
The 26-year-old is a target for West Ham too but David Moyes fears the former U21 global prefers a move to over staying in. Arsene Wenger says he has not spoken to West Ham with regards to a bid for midfielder Francis Coquelin .
A tie vote would likely mean the deciding vote would be cast by VP Mike Pence, dooming the resolution. Meanwhile, a separate effort to overturn the FCC's net-neutrality repeal has been gaining momentum.
Another major loophole of Section 702 of FISA is that the government collects broad information "about" a target . The House has passed a bill to reauthorize a key foreign intelligence collection program with an important tweak.
He was first elected in 2000 and in 2010 became chairman of the House Oversight and Government Reform Committee. Republicans, meanwhile, say they will benefit from the fight between the Democrats seeking to claim the seat.
Tsunami warnings were issued for the Cayman Islands, Puerto Rico, Jamaica, the Caribbean islands, Central America, and Mexico. The Ministry of the Navy issued a tsunami warning, which was estimated to reach the coast of Quintana Roo at 23:15 hrs.
The Raiders will host the Seahawks in the first NFL game at the new London stadium of English Premier League club Tottenham. Fritz Pollard Alliance chairman John Wooten sang a different tune last week when talking to ESPN .
Sainsbury's did not break down the separate like-for-like sales performances of its supermarket and Argos businesses. Mike Coupe , Sainsbury's chief executive , said: "We're pleased with our performance across the group this quarter".
The Indianapolis Colts , Chicago Bears and the Giants interviewed McDaniels, while the Arizona Cardinals interviewed Flores. That being said, head coaching searches have a way of settling in even as top candidates remain active in the playoffs.
Talking about the benefits of the Jio 4G 149 plan, the plan offers unlimited calls including all local, STD and roaming calls. This is a promotional offer from BSNL which will offer its customers 2GB of free 3G data with a validity of 30 days.
JPMorgan Chase & Co. and Goldman Sachs Group Inc. were named as the possible institutions that will lead in the future listing. For many years now, many have wondered why Dropbox was constantly holding out on going public, but better late than never.
Only three fragments of MH370 have been found on western Indian Ocean shores, including a two-metre wing part known as a flaperon. The search was extremely hard because no transmissions were received from the aircraft after its first 38 minutes of flight.
Kenya open sales for NY flight
It will arrive at JKF at 6.30am, while the return flight will depart at 1.30pm and arrive at JKIA at around 10.30am the next day. Kenya Airways chief executive Sebastian Mikosz (centre) speaks during the launch of non-stop flight between Nairobi and NY .
Julian Assange Received a Civilian ID in Ecuador
What could happen to Julian Assange now? A United Nations panel had concluded in 2016 that Assange was under arbitrary detention. A statement by Mr Assange's legal team said: 'The UN ruling, issued nearly two years ago, is crystal clear in its language.
Google acquired speaker tech startup a year ago
The UK Based startup called Redux is involved in developing technology that would integrate the speakers directly into the phone. The acquisition could prove useful to Google, and could change the way it designed its future Pixel smartphones.
Pirates Trade Pitcher Gerrit Cole To Houston Astros
Gerrit Cole was drafted by the Pirates with the first overall pick in 2011, and spent the last 5 years as a starter in Pittsburgh. During the 2017 season, Cole posted a 4.26 ERA and 1.25 WHIP, while holding a 196:55 K:BB over 203 innings (33 starts).
Alabama RB Bo Scarbrough leaving for NFL
Harris ran for 1,000 yards and 11 touchdowns this season after running for 1,040 yards and two scores as a sophomore in 2016. Ridley's best season came when he had 1,045 yards receiving with 7 touchdowns during the 2015 campaign.
Heavy rain in California brings huge mudslides and floods
In Montecito, Oprah Winfrey shared Instagram photos of the deep mud in her backyard and rescue helicopters flying overhead. She's one of several celebrities who live in the wealthy enclave that was hit the hardest by the storm.