“Commitment to hold accountable companies”

New York takes bold steps to make large companies pay their fair share of the damage to local communities, I mentioned Beach News Network.

A newly submitted bill in the Senate in New York State aims to improve the state’s ability to recover costs from the main energy companies and its financing projects that protect the population of New York from the harsh weather.

The legislation, S824, sponsored the Senator Les Kruger, will update many laws to improve tracking The company’s responsibility From 2000 to 2024 and give state agencies more tools to collect information.

The Ministry of Conservation will get more time to study antiquities before sending bills to companies, and new penalties will be applied to those who do not pay.

This law will directly benefit from the New York residents by financing the infrastructure that protects societies from floods, thermal waves and storms. The funds collected will be supported by projects such as marine walls, cooling centers and stormy banks – efforts that protect homes and save money on the costs of repair after disasters. By holding large companies, it guarantees the program Costs From adapting our heating planet not fully located on taxpayers.

The bill requires companies to exchange data on their operations and create stronger supervision on how to spend money. Up to 1 % of the funds will cover the costs of management, as the rest goes to community protection projects.

If passed, these updates will immediately enhance the New York site as a pioneer in ensuring that major companies help pay the price of community guarantees.

The draft law emphasizes the commitment of New York to hold fossil fuel companies accountable for climate -related costs while improving the process of financing and implementing adaptation projects, “according to the beach news network.

Legislation shows how states can create practical financial solutions that protect societies and ensure contributing to major companies in reforming the problems that have helped in establishing them. The harsh weather events have become more regular and expensive, and this approach creates a sustainable financing flow to help improve defenses and help with any necessary recovery efforts.

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