$1.8trillion in compensation claims against 5 Big Oil is potentially at stake – twice their combined market capitalization – if all major cities with climate risk follow New York City’s lead
New York City’s claim is paving the way to an enormous black hole in the share value of 5 Big Oil (and other oil companies too). The staggering sums scoping the size of their potential liability from climate-related claims is a warning to asset managers and pension fund administrators. The 5 Big Oil companies should […]