New York To Charge Biggest Emitters For Climate Damages Under New Law
New York Governor Kathy Hochul has signed the Climate Change Superfund Act, which requires major emitters, such as fossil fuel companies, to compensate for damages by helping to fund climate-resilient infrastructure projects.
“By signing the Climate Change Superfund Act, Gov. Hochul is addressing the financial burden placed on New Yorkers by the fossil fuel companies,” Richard Schrader, director of New York Government Affairs at Natural Resources Defense Council (NRDC), said in a statement. “It’s a key example of what putting fiscal fairness and environmental justice front and center looks like.