BREAKING: New York’s Democratic Governor Kathy Hochul enrages MAGA by signing a law that will require fossil fuel companies to pay for climate damage repair.
And it gets even better…
The new state law requires the companies responsible for the bulk of emissions produced between 2000 and 2018 to pay out roughly $3 billion a year for the next 25 years.
State Senator Liz Krueger, a co-sponsor of historic bill, called it a “shot that will be heard ‘round the world.”
“Too often over the last decade, courts have dismissed lawsuits against the oil and gas industry by saying that the issue of climate culpability should be decided by legislatures,” she stated.
“Well, the Legislature of the State of New York — the 10th largest economy in the world — has accepted the invitation, and I hope we have made ourselves very clear: the planet’s largest climate polluters bear a unique responsibility for creating the climate crisis, and they must pay their fair share to help regular New Yorkers deal with the consequences,” she went on.
This makes New York the second state to pass a law like this behind Vermont. Due to New York’s massive economic, cultural, and political influence this will have far-reaching effects.
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