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…”

  • @shalafiEnglish
    -6•7 days ago

    And who do you guys think will end up paying for this? It’s basically a new tax, but at least the money is going to something I support.

    • @trolololol
      6•6 days ago

      And as stated, tax payers are already paying directly for this. The law is about making big oil directly contribute.

      The expenses will happen no matter what.