New York's new climate law forces fossil-fuel firms to pay $75 billion over 25 years, but claims of 'extreme weather' links to emissions are deemed scientifically unfounded.
Gov. Hochul's assertion that 'it's time for large polluters to pay their fair share' is seen by critics as a misguided attempt that could threaten New York's economy.
The law imposes strict liability on fossil fuel companies for greenhouse gas emissions, creating a system that many critics believe will lead to extensive court challenges due to its arbitrary nature.
Critics argue that the law's foundation is built on 'junk science' and state that reputable scientists disagree with the premise that carbon dioxide emissions directly contribute to extreme weather events.
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