https://www.newsweek.com/new-york-governor-kathy-hochul-charge-companies-greenhouse-gas-emissions-2006384
NY Governor Signs Law That Charges Companies
for Greenhouse Gas Emissions
Newsweek, by Matthew Impelli
Posted By: NorthernDog, 12/26/2024 8:56:02 PM
New York Governor Kathy Hochul, a Democrat, signed legislation this week that requires major fossil fuel companies to contribute fees to support New York's climate change mitigation efforts. Under the new law, companies with significant greenhouse gas emissions will be required to contribute to a state fund dedicated to infrastructure projects aimed at mitigating future climate change damage and repairing existing impacts. The legislation, approved earlier this year, compels major oil and gas companies to help cover the costs of recovery after extreme weather events. The funds will also support resilience projects, including coastal wetland restoration and upgrades to critical