Oil Companies Want City's Suit Dismissed -- WSJ
June 14 2018 - 3:02AM
Dow Jones News
By Gerald Porter Jr.
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (June 14, 2018).
Lawyers for five major oil companies asked a federal judge
Wednesday to dismiss a lawsuit filed by New York City, arguing they
shouldn't be held responsible for damages the city says are caused
by climate change.
In January, the administration of Mayor Bill de Blasio, a
Democrat, sued five companies -- Chevron Corp., BP PLC,
ConocoPhillips, Royal Dutch Shell PLC, and Exxon Mobil Corp. --
arguing they knowingly produced fossil fuels that hurt the
environment and misled the public about potential risks.
In the lawsuit, the city isn't asking the companies to change
their behavior. Instead, it is seeking billions of dollars in
damages it says it needs to protect New York City residents from
rising sea levels, erosion and other conditions it says are caused
by climate change.
In Manhattan federal court on Wednesday, Chevron attorney
Theodore Boutrous Jr. said the companies did nothing illegal. He
said questions raised by the lawsuit are ones for Congress and
regulators, not a judge in New York.
"These cases don't belong in court," Mr. Boutrous said.
ConocoPhillips lawyer John Savarese said it is impossible to
prove oil companies are the only cause of climate change. While the
companies produce fossil fuels, he said, they don't control how
millions of people and businesses use their products.
Matthew Pawa, a lawyer for New York City, said the lawsuit isn't
about fossil-fuel emissions dating back to the dawn of the
Industrial Era. Rather, he said, the companies produced and sold a
product they knew would hurt the environment, including coastal
cities like New York.
"They knowingly caused harm," he added.
Judge John Keenan asked Mr. Pawa whether pinning responsibility
for fossil fuels' negative environmental consequences would require
"complex policy and foreign-policy judgments." Judge Keenan also
asked if New York City uses fossil fuels. He then asked, "Doesn't
the city invest in some of these companies?"
Mr. Pawa opted out of responding to the questions. In January,
Mayor de Blasio and city Comptroller Scott Stringer, also a
Democrat, said they would seek to divest city pension funds from
fossil-fuel companies within five years.
Judge Keenan didn't say when he would rule on the matter.
Write to Gerald Porter Jr. at gerald.porter@wsj.com
(END) Dow Jones Newswires
June 14, 2018 02:47 ET (06:47 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
BP (NYSE:BP)
Historical Stock Chart
From Mar 2024 to Apr 2024
BP (NYSE:BP)
Historical Stock Chart
From Apr 2023 to Apr 2024