A federal appeals court on Thursday rejected New York City's effort to hold five major oil companies liable to help pay the costs of addressing harm caused by global warming. schwit1 shares a report: Ruling in favor of BP, Chevron, ConocoPhillips, Exxon Mobil and Royal Dutch Shell, the 2nd U.S. Circuit Court of Appeals in Manhattan said the regulation of greenhouse gas emissions should be addressed under federal law and international treaties. It rejected the city's efforts to sue under state nuisance law for damages caused by the companies' "admittedly legal" production and sale of fossil fuels, and said the city(TM)s federal common law claims were displaced by the federal Clean Air Act. "Global warming presents a uniquely international problem of national concern," Circuit Judge Richard Sullivan wrote for a three-judge panel. "It is therefore not well-suited to the application of state law." Sullivan added that while the Clean Air Act did not address emissions from outside the country, foreign policy concerns and the risk of courts "stepping on the toes of the political branches" barred the city's lawsuit.Read more of this story at Slashdot. Click here to read full news..