New York is facing a major legal battle. Twenty-two other states are challenging its new law that demands fossil fuel companies pay for damages to our overheating planet, reported Reuters.
What's happening?
New York passed a law in December requiring coal, oil, and natural gas companies to contribute $75 billion over 25 years into a special fund. Starting in 2028, these companies will pay $3 billion annually based on how much they emitted between 2000 and 2018.
But West Virginia and 21 other states are fighting back. They've filed a lawsuit claiming the law punishes energy companies unfairly and could eliminate thousands of jobs.
"We're not going to allow left-wing states like California, New York, Vermont to dictate to the American people how they're going to get their electricity," said West Virginia Attorney General John McCuskey at a press conference.
Following Vermont's lead last July, New York is the second state to create such a fund.
While these 22 states have banded together in this case, there is no indication yet that Vermont and New York might team up and recruit other states to work toward a nationwide fund.
Why is this climate superfund important?
This court battle represents an expanding divide about who should pay for extreme weather protection. The money collected would build roads, water systems, and sewage systems that protect communities from heat waves and flooding.
New York's governor believes companies that profited from activities that warm our planet should bear financial responsibility rather than residents. A spokesperson for Governor Hochul stated she "believes corporate polluters should pay for the wreckage caused by the climate crisis — not everyday New Yorkers."
If the law is struck down, taxpayers may end up funding these infrastructure costs instead of the companies whose products contributed to the problem.
What can I do about climate funding?
You can support policies that demand accountability from major industries rather than placing the burden on taxpayers. Contact your representatives to ask about climate infrastructure plans in your state.
TCD Picks » Quince Spotlight
💡These best-sellers from Quince deliver affordable, sustainable luxury for all
|
Should the government be able to control how we heat our homes? Click your choice to see results and speak your mind. |
Definitely 👍 Consider investing in home improvements like better insulation or heat pumps that save money while reducing your impact. Rebates from the Inflation Reduction Act make these upgrades more affordable.
Many communities are also creating local climate action plans that need public support. Attend town halls and join community groups to influence how your neighborhood prepares for extreme weather.
Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Cool Picks
