DC: Thousands of people and five public sector unions are teeing off against New York City Mayor Bill de Blasio and other officials for prodding the city into divesting from the oil and gas industry.
More than 12,000 people have signed a petition designed to educate citizens about the risks divestment have on public pensions and the city’s tax infrastructure. The petition comes after a judge tossed out a lawsuit de Blasio filed in January targeting oil companies.
“The public response to this petition has been overwhelming and reflects the deep concerns working people and taxpayers have about forced divestment proposals,” Suffolk County Association of Municipal Employees President Daniel Levler said in a July 23 press statement.
Levler’s group is one of five unions that have signed an open letter urging Gov. Andrew Cuomo and de Blasio to rethink their divestment proposals. The petition was crafted by United Neighbors of New York, a coalition of taxpayers and public-sector unions representing millions of New Yorkers. more here