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What will be the primary use of funds from the NY Climate Change Superfund Act by 2028?
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Resolution / Starting Odds
Transportation infrastructure • 25%
Water and sewage systems • 25%
Building improvements • 25%
Other climate initiatives • 25%
New York state budget reports or official announcements
Story
New York Governor Kathy Hochul Signs Climate Change Superfund Act, Requiring $75 Billion from Fossil Fuel Companies
Dec 27, 2024, 12:28 AM
New York Governor Kathy Hochul has signed the Climate Change Superfund Act into law, requiring fossil fuel companies to pay an estimated $75 billion over the next 25 years to address climate change damage. The legislation, which follows a similar law in Vermont, aims to hold major polluters accountable for the costs of climate-related infrastructure projects. The funds collected will be used for initiatives to mitigate the impacts of climate change, such as improvements in transportation, water and sewage systems, buildings, and other infrastructure. The law targets companies responsible for over 1 billion tons of greenhouse gas emissions from 2000 to 2018, with payments starting in 2028. State Senator Liz Krueger, a co-sponsor of the bill, stated that New York is the second state after Vermont to implement such a law. Critics, including the American Petroleum Institute, have expressed opposition, suggesting potential legal challenges ahead.
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Other • 25%
Infrastructure repair • 25%
Climate change mitigation projects • 25%
Disaster relief • 25%
Stormwater drainage improvements • 25%
Coastal restoration • 25%
Infrastructure upgrades • 25%
Other • 25%
Climate change mitigation • 25%
Other • 25%
Emergency response funding • 25%
Infrastructure repair • 25%
Infrastructure repair • 25%
Other • 25%
Climate research • 25%
Community protection • 25%
Yes • 50%
No • 50%
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Moderate reduction • 25%
Significant reduction • 25%
No change • 25%
No • 50%
Yes • 50%
Uncertain/No opinion • 25%
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Divided opinion • 25%
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Compliance without challenge • 25%
Legal challenge • 25%
Lobbying for amendment • 25%
BP • 25%
ExxonMobil • 25%
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Chevron • 25%
Federal preemption • 25%
Retroactive liability • 25%
Constitutional challenge • 25%
Other • 25%