Hochul signs NY law that will charge $75B to oil, gas and coal companies for climate change - but critics say customers will pick up tab

"This bill would allow the state to recoup $75 billion from major polluters," Hochul said Thursday in her bill approval message. She stressed that energy companies must take financial responsibility for their significant contributions to greenhouse gas emissions.

"For too long New Yorkers have borne the costs of the climate crisis, which is impacting every part of the state," Hochul emphasized, highlighting the urgent need for the financial contributions from major fossil fuel companies to address environmental damages.

Read at New York Post