New York City plans to divest $5bn from fossil fuels and sue oil companies

clock • 4 min read

Mayor Bill de Blasio: 'It's up to the fossil fuel companies whose greed put us in this position to shoulder the cost of making New York safer and more resilient'

New York City is seeking to lead the assault on both climate change and the Trump administration with a plan to divest $5bn from fossil fuels and sue the world's most powerful oil companies over their...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Alok Sharma: Climate, capital, and commitment - why pension funds matter

Alok Sharma: Climate, capital, and commitment - why pension funds matter

COP26 President says the economic case for climate action is overwhelming - and pension funds can help lead the way

Lord Alok Sharma
clock 26 November 2025 • 3 min read
EdenTree to apply Sustainability Focus SDR label to remaining unlabelled funds

EdenTree to apply Sustainability Focus SDR label to remaining unlabelled funds

Move makes EdenTree only fund house with a fully labelled range

Michael Nelson, Investment Week
clock 25 November 2025 • 1 min read
British International Investment commits $150m to transition finance in Africa

British International Investment commits $150m to transition finance in Africa

UK government-owned international development investor to provide capital and assistance to help FirstRand establish new transition finance facility

Michael Holder
clock 25 November 2025 • 3 min read