A really big deal’: New York City’s fossil fuel divestment could spur global shift
NYC flooding, Post Sandy. Photograph: © SAF – Coastal Care.
Disastrous floods like those seen during Hurricane Sandy in 2012 may hit New York City 17 times more often in the next century, a study finds.
New York City’s decision to sever ties with its fossil fuel investments is set to prove a catalyst to other cities in the face of the Trump administration’s staunch support for coal, oil and gas interests, according to several leading economists.
Economists said the status of New York as a financial and cultural giant would probably spur other cities in the US and worldwide to divest and, more significantly, build momentum in the global shift required to reduce emissions and stave off the worst consequences of climate change…
Top US firms including Walmart and Ford oppose Trump on climate change; The Guardian UK (12-01-2017)
The big businesses Donald Trump claims to champion are increasingly choosing to ignore the US president’s sceptical stance on climate change and press ahead towards their own environmental goals without him…
Companies to keep promise to Obama on reducing carbon use; Bloomberg (03-28-2017)
Many of America’s biggest corporations including Apple Inc. and Wal-Mart Stores Inc. are sticking by their pledges to fight climate change even as President Donald Trump guts his predecessor’s environmental policies. Companies say their promises, coordinated by the Obama administration, reflect their push to cut energy costs, head off activist pressure and address a risk to their bottom line in the decades to come.