New York Bill Extends ‘Polluter Pays’ To Climate Adaptation Funding

New York lawmakers have introduced a bill that would require fossil-fuel producers to fund the state’s climate adaptation programs based on past emissions, a proposal that would extend the long-standing “polluter plays” principle for toxic waste cleanups to addressing climate change. The proposal -- which could amount to $30 billion over 10 years from oil, gas and coal producers -- is similar to provisions in the currently stalled Build Back Better proposal in Congress, which was intended to fund much...