NEW YORK (Reuters) - New York was sued on Thursday by 22 other U.S. states over a new law requiring fossil fuel companies to contribute $75 billion over 25 years into a fund that will pay for ...

West Virginia led the charge against New York’s Climate Change Superfund Act, ... New York’s law charges companies that released over a billion metric tons of greenhouse gases between 2000 and ...

New York Gov. Kathy Hochul signed the Climate Change Superfund Act on Thursday. The law would address climate change by imposing a huge tax on fossil fuel companies—they will collectively owe an ...

New York is defending two lawsuits challenging its Climate Superfund law. On February 6, a coalition of industry groups and 22 states, led by West Virginia, filed suit in the Northern District of ...

To help cover this rising bill, New York State has passed a new “Climate Change Superfund Law” that asks major fossil fuel companies to pay up, based on their historic sales of coal, gas and oil.

On Dec. 26, 2024, following in Vermont’s footsteps, Gov. Kathy Hochul signed the Climate Change Superfund Act, S2129B/A3351B (“the act”), into law in New York. Modeled on federal and state ...

New York legislators passed a bill last week that would charge fossil-fuel companies a total of $3 billion a year for 25 years to pay for costs associated with climate change.

New York’s law charges companies that released over a billion metric tons of greenhouse gases between 2000 and 2018. According to the lawsuit, the law implements an annual penalty rate of $3 ...

New York Gov. Kathy Hochul signed the Climate Change Superfund Act on Thursday. The law would address climate change by imposing a huge tax on fossil fuel companies—they will collectively owe an ...

New York’s law charges companies that released over a billion metric tons of greenhouse gases between 2000 and 2018. According to the lawsuit, the law implements an annual penalty rate of $3 ...