On Thursday, Democratic New York Governor Kathy Hochul signed the Climate Superfund Act into law. Empire State officials believe the legislation would pump $75 billion into the state treasury over the next 25 years, funding critical infrastructure projects that lawmakers say are needed due to climate change. However, climate change fanatics claim that emissions from fossil use are to blame. fuel.
New York joins Vermont, which passed its own version of Superfund in May, and expects big oil companies to pick up the costs brought on by extreme weather events. The funds will pay for projects such as coastal wetland restoration, stormwater system upgrades and energy-efficient public buildings. The law is expected to be challenged in court by fossil fuel interests.
climate change fanatic propaganda
Hochul parroted the talking points of climate change fanatics in his presentation.
With nearly all-record rainfall, heat waves, and coastal storms, New Yorkers are increasingly burdened with billions of dollars in health, safety, and environmental costs due to pollutants that have historically harmed the environment. It has been.
The creation of a Climate Superfund will help hold polluters accountable for the damage they cause to our environment and demand major investments in essential infrastructure and other projects to protect communities and economies. This is the latest example of my administration taking action.
Democratic state Sen. Liz Krueger, a co-sponsor of the bill, agreed:
The Climate Superfund Act is now law, and New York City's firing will be felt around the world. The companies most responsible for the climate crisis will be held accountable. Over the past decade, courts have too often dismissed lawsuits against the oil and gas industry, saying the issue of climate change liability should be decided by Congress.
Now, the New York State Legislature, the world's 10th largest economy, has accepted the invitation. And I think we got it clear. Earth's biggest climate polluters are uniquely responsible for causing the climate crisis, and they must pay their fair share to help ordinary New Yorkers deal with the consequences.
Implementation of the new law may take time. National bureaucrats will need to study greenhouse gas emissions from 2000 to 2018. According to the law, “no reasonable business activist would not have anticipated regulatory action to address the consequences.”
It's hard to understand how oil companies could have predicted such a kneecap reaction to the much-hyped but still unproven climate “crisis” being touted by state legislatures. . What should they have done? Why not stop selling products that consumers need?
It is nothing but punishment for the crime of making money.
New Yorkers will pay
“This type of bill is nothing more than punitive new fees on American energy, and we are considering our options going forward,” said the American Petroleum Institute, a leading lobbyist for the oil industry.
Justin Wilcox, executive director of consumer group Upstate United, said the bill doesn't take into account the costs to New Yorkers.
Governor Hochul's decision to sign the Climate Change Superfund Act is a misguided decision that disadvantages all New Yorkers who have already paid enough for short-sighted measures related to (the previous “climate change” bill) It is action. While this law is intended to address climate change, it does not take into account the practical realities faced by residents across the state.
New Yorkers will continue to rely on fossil fuels to commute to work and heat their homes, but in upstate New York, life and death depend on being able to do so with kerosene, natural gas, and propane.
Hochul and the Democratic-led New York State Legislature want to make people think they're sticking with Big Oil by imposing fines to fight climate change. But these people don't understand how oil companies will pay for it. New York consumers will pay the cost in the form of higher prices for pumps and home heating.
Essentially, all Hochul signed was a climate tax on New Yorkers.
