New York to Require Polluters to Pay For Environmental Damage

'With nearly every record rainfall, heatwave, 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. 'Establishing the Climate Superfund is the latest example of my administration taking action to hold polluters responsible for the damage done to our environment and requiring major investments in infrastructure and other projects critical to protecting our communities and economy.'

'Too often over the last decade, courts have dismissed lawsuits against the oil and gas industry by saying that the issue of climate culpability should be decided by legislatures,' said State Senator Liz Krueger. 'I hope we have made ourselves very clear: the planet's largest climate polluters bear a unique responsibility for creating the climate crisis, and they must pay their fair share to help regular New Yorkers deal with the consequences.'

'Repairing from and preparing for extreme weather caused by climate change will cost more than half a trillion dollars statewide by 2050, which equates to over $65,000 per household,' according to Krueger.

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