companies a fee that would funnel into a state fund for infrastructure projects aimed at combating, repairing, or adapting to the effects of climate change.
The lawsuit, filed in the U.S. District Court for the District of Vermont, includes the claim that the state’s law is unconstitutional and in violation of federal law. The plaintiffs wrote that the state is not home to any of the energy producers it seeks to fine, saying this could lead to increased energy costs in other states while Vermont could “reap” financial benefits.
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New York to charge fossil fuel companies for damage from climate changeLarge fossil fuel companies would have to pay fees to help New York fight the effects of climate change under a bill signed by Democratic Gov. Kathy Hochul. The governor signed the new law Thursday.
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New York to charge fossil fuel companies for damage from climate changeLarge fossil fuel companies would have to pay fees to help New York fight the effects of climate change under a bill signed by Democratic Gov. Kathy Hochul.
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New York to charge fossil fuel companies for damage from climate changeLarge fossil fuel companies would have to pay fees to help New York fight the effects of climate change
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New York to charge fossil fuel companies for damage from climate changeLarge fossil fuel companies would have to pay fees to help New York fight the effects of climate change under a bill signed by Gov. Kathy Hochul.
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New York to charge fossil fuel companies for damage from climate changeA bill signed into law this week requires companies responsible for substantial greenhouse gas emissions to pay into a state fund for infrastructure projects meant to repair or avoid future damage from climate change.
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