New York Democrat Gov. Kathy Hochul signed a law that will require fossil fuel companies to pay for damages related to “climate impact” and adverse weather conditions, the governor’s office announced on Thursday.
The self-described “landmark legislation” looks to create a “Climate Superfund” that will make New York more resilient to conditions such as flooding and extreme heat. “With nearly every record rainfall, heat wave, and coastal storm, New Yorkers are increasingly burdened with billions of dollars in health, safety, and environmental consequences due to polluters that have historically harmed our environment,” Hochul said in a statement.
Democrat state Sen. Liz Krueger, a cosponsor on the bill, called the law a “shot that will be heard ’round the world.'”
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