Democratic Governor of New York, Andrew Cuomo, said in December the state would also sell its investments in fossil fuel companies. The move follows similar divestment decisions by other municipalities in the US and elsewhere. "The mayor's announcement may raise his profile, but it will do nothing to address climate change and will ultimately fail." "Ironically, this attack on energy manufacturers comes at a time that New Yorkers have depended on natural gas and heating oil to carry them through the recent extreme cold," NAM Senior Vice President Linda Kelly said. Mayor Bill de Blasio will sue the country’s five biggest oil companies alleging climate change and global warming led to Hurricane Sandy and its catastrophic fallout and the companies should pay. The National Association of Manufacturers (NAM), a major US trade group, denounced the city's decision. "Safeguarding the retirement of our city's police officers, teachers and firefighters is our top priority, and we believe that their financial future is linked to the sustainability of the planet," Scott Stringer, the city's comptroller, said. De Blasio also said New York City's pension funds would sell around $5 billion (€4 billion) of their investments in fossil fuel companies.
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