Oil Giants Win Climate Suit as Judges Push For Political Fix (2)

New York City suffered another setback in its effort to make Exxon Mobil Corp., BP Plc and other energy companies help cover the public costs of dealing with climate change, as a federal appeals court ruled the global problem demands political rather than legal action.

The ruling Thursday by the U.S. Court of Appeals in Manhattan is a warning sign for those trying to use the courts to hold the industry responsible for a problem that could cost taxpayers trillions of dollars in coming years. Chevron Corp., Royal Dutch Shell Plc and ConocoPhillips were also sued in the ...