NYC Holds Big Oil Accountable for Climate Change
New York Governor Kathy Hochul recently signed the groundbreaking Climate Change Superfund Act into law, making it the second state after Vermont to hold fossil fuel companies responsible for climate-related damages. This landmark legislation comes as New York taxpayers faced a staggering $2.2 billion in climate-related damages in 2023 alone.
This decisive action is backed by strong public support, with 89% of New Yorkers favoring fossil fuel companies covering at least some of the costs associated with climate change, according to a Data for Progress poll.
Senator Liz Krueger, the lead sponsor of the legislation, declared, "The Climate Superfund Act is now law, and New York has fired a shot that will be heard around the world: the companies most responsible for the climate crisis will be held accountable."
This new law signifies a significant step in addressing climate change and its financial burden on the state, setting a precedent for other states to follow.
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