New York faces a major legal battle. The fossil fuel companies have been reported twenty -two other countries that challenge their new law that requires fossil fuel companies Reuters.
What is happening?
New York passed a law in December requesting coal, oil and natural gas companies to contribute $ 75 billion over a period of 25 years in a private fund. Starting in 2028, these companies will pay $ 3 billion annually based on the amount emitted from 2000 and 2018.
But West Virginia and 21 other states are fighting. They filed a lawsuit that claims that the law punishes energy companies unfairly and can cancel thousands of jobs.
“We will not allow left -wing states such as California, New York, Fermont to dictate to the American people how they will get electricity,” Virginia Prosecutor John McCoski told a news conference.
After Fairmont’s progress last July, New York is the second country that creates such a fund.
While these 22 states have gathered together in this case, there is no indication yet that Vermont and New York may cooperate and recruit other states to work on funds at the country level.
Why is this Superfund climate important?
This court battle represents an expanded gap around who should be paid for harsh weather protection. The money collected, water construction, water systems and sewage systems that protect societies from heat waves and floods.
The New York Governor believes that companies that have benefited from activities that heat our planet should bear financial responsibility instead of the population. “She believes that companies pollutants should pay in exchange for wreckage caused by the climate crisis – not every day of the New York resident.”
If the law is reduced, taxpayers may end with financing these infrastructure costs instead of companies whose products have contributed to the problem.
What can I do about climate financing?
You can support policies that require accountability from Main industries Instead of placing the burden on taxpayers. Call your representatives to ask about climate infrastructure plans in your state.
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Think about investing in home improvements such as better insulation or heat pumps that provide money while reducing your effect. Dishes from the law to reduce inflation makes these promotions more affordable.
Many societies are also created Local climatic work plans That needs general support. Attending the city’s halls and joined the community groups to influence how to prepare you for the harsh weather.
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