New York to Charge Polluters $3B a Year for Climate Crisis

Sunita Somvanshi

NY Governor Hochul's $3 billion climate superfund law requires major greenhouse gas emitters to fund climate crisis mitigation projects over 25 years.

Photo Source: UNICEF Ethiopia (CC BY-NC-ND 2.0)

Oil and gas companies responsible for emissions between 2000-2018 could finance stormwater systems, public health programs, and flood protection measures.

Photo Source: Tom Fisk (Pexels)

Law targets oil and gas corporations to address New Yorkers' climate adaptation costs while aiming to avoid punitive industry impact.

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After Vermont, NY becomes second state demanding fossil fuel companies pay for their climate change contributions.

Photo Source: Tom Fisk (Pexels)

Governor Hochul pushes large polluters to pay their share as New Yorkers face mounting climate-related health and safety expenses.

Photo Source: Douglas Schneiders (Pexels)

Implementation timeline extends as regulations develop to determine fund contributors and project financing specifics.

Photo Source: Yura Forrat (Pexels)

Acid sprays from these nests help Eurasian jays eliminate parasites like mites and lice from their feathers.

Photo Source: Charles Parker (Pexels)

Senator Krueger estimates climate crisis repairs will burden NY households with $65,000 in costs by 2050.

Photo Source: Franklin Peña Gutierrez (Pexels)

Legislation pairs with recent expansion of fracking prohibition for natural gas extraction in New York State.

Photo Source: Jan-Rune Smenes Reite (Pexels)