Lawsuit Challenges Vermont Climate Program
The U.S. Chamber of Commerce and the American Petroleum Institute sued the state of Vermont in federal court last week over its Climate Superfund Act. The plaintiffs argue that the law violates both the U.
New York’s “Climate Superfund” Bill becomes Law, Part of a Trend
In a “paradigm shift in environmental liability,” some states are seeking to legislate financial responsibility on large coal and oil & gas
New York’s ‘Climate Superfund’ law expected to face legal challenges
The new legislation requires oil and gas companies to pay for some of the damages caused by climate change. But legal experts say it's expected to face legal challenges.
Climate superfund law faces hurdles after Hochul’s approval
New York Gov. Kathy Hochul signed the Climate Change Superfund Act, requiring fossil fuel companies to contribute $3 billion annually for 25 years to cover climate-related damages. While praised by advocates for shifting costs from taxpayers to polluters, the law still awaits chapter amendments and is expected to face legal challenges.
Four Takeaways From New York’s New ‘Climate Superfund’ Law
State governments increasingly engage on climate issues. In search of a new source of funding for hundreds of billions of dollars in
Vermont sued over climate change damages law
The lawsuit asks a state court to prevent Vermont from enforcing the law, which was passed last year.
NY’s Climate Change Superfund Act takes effect
The Climate Change Superfund Act puts a fine on the largest contributors to greenhouse gas emissions between 2000 and 2018, specifically those responsible for more than 1 billion tons of global greenhouse gas emissions. The collected money will be put into a special fund to pay for climate change resilience measures starting in 2028.
Fossil fuel industry allies sue Vermont over landmark climate law
Business groups say the law seeking payment from oil and gas companies is unconstitutional and would dictate energy policy for the rest of the country.
Hochul signs $75B climate superfund bill targeting oil companies
Oil and gas companies could be on the hook for billions of dollars to compensate for environmental pollution after Gov. Kathy ...
Gothamist11d
'Climate superfund’ could make NY more resilient, but industry groups may try to block it
Gov. Kathy Hochul signed into law a bill requiring major fossil fuel companies to pay into a fund for climate adaptation ...
N.Y.'s new superfund law to charge billions of dollars in fines for fossil fuel polluters
A new climate change superfund law in New York state will impose an estimated $75 billion in fees for companies that are the ...
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Hochul's support of the Climate Superfund will save New Yorkers $75 billion | Opinion
The governor’s approval of the Climate Superfund is good news and a welcome holiday gift for New York taxpayers.
Opinion
Editorial: Climate bill comes due
New York is right to extract billions of dollars from fossil fuel interests to cover some of the cost of adapting to climate change.
Bronx Times-Reporter10d
Hochul signs Climate Change Superfund Act championed by Bronx Assembly Member, paving way for funding in the borough
Gov. Kathy Hochul signed the Climate Change Superfund Act on Thursday, a bill sponsored by Bronx Assembly Member Jeffery ...