New York City is planning to divest its $ 189bn pension funds from fossil fuels within five years , while also suing leading firms BP , Exxon Mobil , Chevron , ConocoPhillips and others over damage , such as deaths and pollution , caused by climate change . New York’s attorney general, Eric Schneiderman, is investigating Exxon over this alleged deception. The city ’s five pension funds have an estimated $ 5bn invested in fossil fuels , making this move , the first by a major US city , one of the largest ever divestments . As we reported previously , a city and two counties in California are currently suing 37 fossil fuel companies , including Exxon , over greenhouse gas emissions .
New York City is planning to divest its $ 189bn pension funds from fossil fuels within five years , while also suing leading firms BP , Exxon Mobil , Chevron , ConocoPhillips and others over damage , such as deaths and pollution , caused by climate change . The city ’s five pension funds have an estimated $ 5bn invested in fossil fuels , making this move , the first by a major US city , one of the largest ever divestments . As we reported previously , a city and two counties in California are currently suing 37 fossil fuel companies , including Exxon , over greenhouse gas emissions .