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Climate Change Adaptation Cost Recovery Program

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Polluters Pay Up: NY Law Forces Fossil Fuel Companies To Fund Climate Protections Polluters Pay Up: NY Law Forces Fossil Fuel Companies To Fund Climate Protections
Polluters Pay Up: NY Law Forces Fossil Fuel Companies To Fund Climate Protections New York is making polluters pay up. A landmark law signed by Gov. Kathy Hochul on Thursday, Dec. 26, created a “Climate Superfund” requiring large fossil fuel companies to pay for critical projects aimed at protecting residents from severe weather impacts like flooding and extreme heat. The move is meant to shift the cost of climate resilience projects from New Yorkers to those most responsible for the pollution, Hochul’s office said. “With nearly every record rainfall, heatwave, and coastal storm, New Yorkers are increasingly burdened with billions of dollars in health, safety, and envir…

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by Michael Mashburn