Governor Signs Climate Change Superfund Act
www.nysenate.gov
Albany – Today, Governor Kathy Hochul signed the Climate Change Superfund Act (S.2129/A.3351), nation-leading legislation that will use the polluter-pays model exemplified by existing federal and state superfund laws to collect $75 billion over twenty-five years for climate change adaptation from the parties most responsible for causing the climate crisis - big oil and gas companies.

"“Too often over the last decade, courts have dismissed lawsuits against the oil and gas industry by saying that the issue of climate culpability should be decided by legislatures. Well, the Legislature of the State of New York – the 10th largest economy in the world – has accepted the invitation…”

    • @kalkulatOP
      16•9 days ago

      It’s not a lot … $3B per state would be $150B … still a joke.

      She also said "“Repairing from and preparing for extreme weather caused by climate change will cost more than half a trillion dollars statewide by 2050.” $500B/$75B suggests this is just a down-payment. Gets the ball rolling.