Judge tosses out New York's global warming suit against oil companies

A federal judge on Thursday tossed out a New York lawsuit against five major oil companies, seeking to collect billions of dollars in damages to protect the city from climate change.

Why it matters, per Axios' Ben Geman: This comes after a California federal judge dismissed a similar case. Together, the two rulings suggest that cities and states face an uphill battle in trying to use federal courts to get money from oil companies to help pay for the effects of global warming on their regions, such as sea-level rise.