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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

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Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'

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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

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Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
Environment

New York City Is Suing Big Oil Over Climate Change

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Joseph Hincks
Joseph Hincks
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Joseph Hincks
Joseph Hincks
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January 10, 2018, 10:45 PM ET
Northeast U.S. Digs Out After  "Bomb Cyclone" Snowstorm
NEW YORK, NY - JANUARY 05: The Williamsburg Bridge is seen in front of the Brooklyn skyline as steam rises from the Con Edison power plant on January 5, 2018 in New York City. Under frigid temperatures, New York City dug out from the "Bomb Cyclone." (Photo by John Moore/Getty Images)John Moore—Getty Images
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The New York City government is attempting to shift the costs of bracing the city for climate change onto the world’s five largest publicly traded oil companies, which it claims “have done nearly all they could to create this existential threat.”

A lawsuit filed to the Southern District of New York Tuesday claims that BP, Chevron (CVX), Conoco-Phillips (COP), ExxonMobil (XOM), and Royal Dutch Shell (RDS-A)with creating 11% of all greenhouse gases, the Washington Post reports. It also claims the companies were aware of their impacts on climate and tried to obfuscate the truth.

For more on climate change, watch Fortune’s video:

This is not the first time U.S. localities have tried to apply financial pressure to polluters.

In 2017, the California cities of San Francisco, Oakland, Santa Cruz, and Imperial Beach, as well as Santa Cruz county, Marin County, and San Mateo County attempted to sue oil majors over climate change damages, citing a theory called “public nuisance.” Those suits, however, have reportedly failed to make headway.

Read more: How Climate Change Will Transform the Way We Live

Michael Burger, director of the Sabin Center for Climate Change Law at Columbia University, told the Post that New York’s lawsuit was significant because it brought the legal challenge beyond California. The involvement of other jurisdictions, he said, might, “see adequate pressure applied to these companies to inspire action on climate change.”

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