New York Becomes Second State To Adopt Climate Change ‘Superfund’ Law

New York has become the second state to enact a climate change “superfund” law charging fossil fuel companies to address climate-linked damages in the state, a measure that is poised to require such companies to pay up to $75 billion over 25 years. Gov. Kathy Hochul (D) on Dec. 26 signed into law the bill that creates a Climate Change Adaptation Cost Recovery Program, which requires fossil fuel companies to pay into a fund that would enhance New York-based climate...