The de Blasio administration has filed a federal lawsuit against a handful of major oil companies for their role in climate change and its impact on New York City — particularly in the wake of Superstorm Sandy, city officials said on Wednesday.
That includes seeking reparations for damage and for the sky-high costs of building up the city’s resiliency for future mega-storms.
“The city seeks to shift the costs of protecting the city from climate change impacts back onto the companies that have done nearly all they could to create this existential threat,” reads the lawsuit, which was filed in the Southern District of New York.
It names as defendants BP, Chevron, ConocoPhillips; Exxon Mobil and Royal Dutch Shell – which the court papers allege have produced more than 11 percent of the world’s carbon and methane pollution from industrial sources “since the dawn of the industrial revolution.”
https://nypost.com/2018/01/10/de-blasio ... te-change/
Well, at least some of the external cost that currently is not included in the price of fossil fuels is being priced in this way. I do not like the claim culture in America, but I must say I like this one, not the least because of the public attention being gained for climate change