Potential claims liability against 5 big oil for cities with climate risk

$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

Posted on 1 CommentPosted in Chairman’s Blog

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 […]

$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 was last modified: November 25th, 2018 by Bruce Menzies
ew York City climate-related losses attributable to CO2 emissions from the 5 Big Oil companies’ gas and oil products, is down from its 1973 ‘oil crisis’ peak.

New York City’s claim on 5 Big Oil: the dates that make the difference to the dollars

Posted on 2 CommentsPosted in Chairman’s Blog

An estimated $19billion will be needed to fund the infrastructure to protect New York City from storm surges such as 2012’s Super Storm Sandy, that are bound to come again and come more frequently. Mayor de Blasio’s primary claim against 5 Big Oil (BP, ExxonMobil, Chevron, ConocoPhillips and Royal Dutch Shell) implies – correctly – […]

New York City’s claim on 5 Big Oil: the dates that make the difference to the dollars was last modified: November 25th, 2018 by Bruce Menzies