By Geller Report | Created at 2024-12-28 15:24:46 | Updated at 2024-12-29 10:25:05
19 hours ago
The increasingly deranged Governor Kathy Hochul signed Climate (hoax) Superfund legislation forcing customers to pay more for Democrat pork.
Hochul approved a controversial law that will force oil, natural-gas and coal companies to fork over a staggering $75 billion to the state for ‘carbon emissions’ and allegedly contributing to ‘climate change.’
Representatives for the energy industry said the new law is a declaration of war against firms that provide energy and power to New York.
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More than three dozen energy firms and business advocates sent a letter to Hochul on Dec. 5, urging her to veto the bill.
Remember, when Democrats talk about taxing “business” – that’s us, that’s people. Business is people, workers. It’s us. It’s always us.
Hochul signs NY law that will charge $75B to oil, gas and coal companies for climate change — but critics say customers will pick up tab https://t.co/5Z76dH0djo pic.twitter.com/9npL21jtns
— New York Post (@nypost) December 27, 2024
Democrats Ramp Up War on Fossil Fuels as New York Governor Signs Law Forcing Energy Companies To Pay Billions in the Name of Climate Change
The American Petroleum Institute says the new law is ‘nothing more than a punitive new fee on American energy.’
Bradely Cortlight, NY Sun, Dec. 26, 2024:
Major fossil fuel companies will be required to hand over billions of dollars to help pay for New York State’s efforts to fight climate change under a new law signed by the governor Thursday.
Governor Hochul signed the Climate Change Superfund Act, creating a new requirement that companies seen as responsible for the majority of carbon emissions between 2000 and 2024 will have to pay roughly $3 billion a year for the next 25 years.
The funds will be used to pay for new infrastructure meant to withstand the impacts of more flooding or more extreme weather some blame on climate change. The funds would also be used to pay for repairs to damage caused by extreme weather events.
In a statement, Ms. Hochul said, “With nearly every record rainfall, heat wave, and coastal storm, New Yorkers are increasingly burdened with billions of dollars in health, safety, and environmental consequences due to polluters that have historically harmed our environment.
“Establishing the Climate Superfund is the latest example of my administration taking action to hold polluters responsible for the damage done to our environment and requiring major investments in infrastructure and other projects critical to protecting our communities and economy,” she added.
A New York state senator, Liz Krueger, celebrated the law and said the state “has fired a shot that will be heard round the world: the companies most responsible for the climate crisis will be held accountable.”
Fossil fuel and business groups opposed the implementation of the law. The American Petroleum Institute said it “represents nothing more than a punitive new fee on American energy, and we are evaluating our options moving forward.”
Meanwhile, the Business Council of New York State and more than 30 other business organizations urged Ms. Hochul to veto the bill earlier this month.
The groups argued that it “targets sellers of fossil fuels while ignoring users as a contributor to emissions” and said the law would “certainly face a long and costly legal challenge.”
New York’s law will not go into effect immediately as officials still have to develop a system to identify which companies they believe are the largest emitters and provide them notice that they must pay.
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