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.
Money extracted from the petro firms over a 24-year-period would go toward resiliency projects, such as coastal protection and flood mitigation. “For too long New Yorkers have borne the costs of the climate crisis, which is impacting every part of the state,” Hochul said, citing extreme storms.An analysis conducted for bill sponsors state Sen. Liz Krueger and Assemblyman Jeffrey Dinowitz — and obtained by The Post in August — showed foreign-owned and American companies together would pay about $3 billion a year over two-and-a-half decades.
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