The Latest: Oil companies dispute climate lawsuit claims

FILE - In this Sept. 21, 2017 file photo, petroleum coke, the grainy black byproduct of refining Canadian tar sands oil, is visible at the BP Whiting refinery in East Chicago, Ind. New York City officials say they will begin the process of dumping about $5 billion in pension fund investments in fossil fuel companies, including BP, because of environmental concerns. (DroneBase via AP, File)
FILE - In this Feb. 9, 2016 file photo, a ConocoPhillips drill rig is deployed at the CD5 drilling site in Nuiqsut, on Alaska's North Slope. New York City officials say they will begin the process of dumping about $5 billion in pension fund investments in fossil fuel companies, including ConocoPhillips, because of environmental concerns. (AP Photo/Mark Thiessen, File)
FILE - In this March 28, 2006 file photo, Chevron's Discoverer Deep Seas drills for oil in the Gulf of Mexico. New York City officials say they will begin the process of dumping about $5 billion in pension fund investments in fossil fuel companies, including Chevron, because of environmental concerns. (AP Photo/Alex Brandon, File)
FILE - In this Feb. 13, 2015 file photo, stacks and burn-off from the ExxonMobil refinery are seen at dusk in St. Bernard Parish, La. New York City officials say they will begin the process of dumping about $5 billion in pension fund investments in fossil fuel companies, including Exxon Mobil, because of environmental concerns. (AP Photo/Gerald Herbert, File)
FILE - In this Jan. 19, 2016 file photo, a man watches a BP refinery in Gelsenkirchen, Germany. New York City officials say they will begin the process of dumping about $5 billion in pension fund investments in fossil fuel companies, including BP, because of environmental concerns. (AP Photo/Martin Meissner, File)

NEW YORK — The Latest on New York City's actions on oil investments, and lawsuit against oil companies over climate change (all times local):

2:30 p.m.

Some of the oil companies being sued by New York City over claims they contributed to global warming are disputing the allegation.

Mayor Bill de Blasio says the city will be seeking billions in the lawsuit to recoup money spent by the city for resiliency efforts related to climate change.

The defendants in the city's federal lawsuit are BP, Chevron, ConocoPhillips, ExxonMobil and Royal Dutch Shell.

ExxonMobil spokesman Scott Silvestri says the company has made good faith attempts to address climate change. He says lawsuits don't accomplish that goal. Shell's spokesman echoed that sentiment.

The other companies either did not comment or did not immediately respond to a request for comment.

___

11:55 a.m.

New York City is suing five major oil companies, claiming they have contributed to global warming.

Mayor Bill de Blasio says the city will be seeking billions in the lawsuit to recoup money spent by the city for resiliency efforts related to climate change.

The defendants in the city's federal lawsuit are BP, Chevron, ConocoPhillips, Exxon Mobil and Royal Dutch Shell.

A BP spokesman declined comment. A Shell spokesman said climate change is a complex issue that should not be addressed by the courts. The other three did not immediately comment.

The lawsuit follows the city's announcement that it plans to divest its pension funds from fossil fuel companies.

___

12:20 a.m.

New York City officials are citing climate change as their motivation to join a growing number of entities divesting themselves of financial interest in fossil fuels.

Democratic Mayor Bill de Blasio (dih BLAH'-zee-oh) and Comptroller Scott Stringer are set to announce plans on Wednesday to divest the city's five pension funds of roughly $5 billion in fossil fuel investments out of its total of $189 billion.

Clara Vondrich of the DivestInvest campaign says hundreds of institutional investors managing assets of over $5.5 trillion have taken their money out of fossil fuels.

The American Petroleum Institute has previously said the divestment movement is misguided.

Democratic New York Gov. Andrew Cuomo (KWOH'-moh) also plans to have the state pension funds begin to divest.

You may also interested in

Webcam whale research buoyed by viewers around the world

Aug 15, 2016

Canadian researchers are turning to internet to learn about the social behavior thousands of beluga whales that migrate to Hudson Bay every year

Study: Most of methane hot spot comes from natural gas leaks

Aug 15, 2016

A puzzling concentration of the greenhouse gas methane over the Southwestern United States appears to come mostly from leaks in natural gas production, scientists said Monday

Ford to invest $75M in autonomous vehicle sensor company

Aug 16, 2016

Ford and Chinese search engine company Baidu will invest $75 million each in Velodyne, a company that makes laser sensors that help guide self-driving cars

People also read these

Russian man faces US trial in lucrative hacking scheme

Aug 14, 2016

Prosecutors describe Roman Seleznev (sah-LEZ-nof), the son of a Russian lawmaker, as a master hacker who orchestrated an international scheme that resulted in about $170 million in fraudulent credit card purchases

Prosecutor: Russian man's computer linked to hacking scheme

Aug 16, 2016

A federal prosecutor told the jury during opening statements on Monday that when federal agents arrested a Russian man in the Maldives in 2014, they found 1.7 million stolen credit card numbers on his laptop computer

Search resumes for Nazi gold train that might not even exist

Aug 16, 2016

Explorers in Poland have resumed searching for a legendary Nazi train laden with treasure and armaments, dissuaded by decades of fruitless searches and a scientific determination that no train is even there

Weather, 20 December
Houston Weather
+7

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather
+27

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather
+6

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather
+9

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather
+7

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH