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What will be the primary use of the first $3 billion from NY's Climate Change Superfund by end of 2025?
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Resolution / Starting Odds
Infrastructure repair • 25%
Climate change mitigation projects • 25%
Disaster relief • 25%
Other • 25%
Budget reports or official statements from New York State government
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New York Governor Kathy Hochul Signs Climate Change Superfund Act Requiring Fossil Fuel Companies to Pay $3 Billion Annually for 25 Years
Dec 26, 2024, 06:24 PM
New York Governor Kathy Hochul has enacted the Climate Change Superfund Act, which mandates that major fossil fuel companies contribute $3 billion annually for the next 25 years, totaling $75 billion. This legislation aims to hold these companies accountable for the damages caused by climate change and extreme weather events. New York joins a growing movement to ensure that polluters bear the financial responsibility for climate-related damages. The law has been praised by various lawmakers and advocates, who view it as a significant step towards climate justice and accountability. The funds generated will be allocated to address infrastructure damage linked to climate change, marking a notable shift in policy towards corporate responsibility in environmental issues.
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Transportation infrastructure • 25%
Building improvements • 25%
Water and sewage systems • 25%
Other climate initiatives • 25%
Coastal restoration • 25%
Other • 25%
Infrastructure upgrades • 25%
Stormwater drainage improvements • 25%
Emergency response funding • 25%
Climate change mitigation • 25%
Infrastructure repair • 25%
Other • 25%
No • 50%
Yes • 50%
Other • 25%
Infrastructure repair • 25%
Community protection • 25%
Climate research • 25%
No • 50%
Yes • 50%
Increase • 25%
No change • 25%
Moderate reduction • 25%
Significant reduction • 25%
Yes • 50%
No • 50%
Subway safety improvements • 25%
Other • 25%
Operational expenses • 25%
Infrastructure upgrades • 25%
Compliance without challenge • 25%
Other • 25%
Lobbying for amendment • 25%
Legal challenge • 25%
Federal preemption • 25%
Other • 25%
Constitutional challenge • 25%
Retroactive liability • 25%
Public transit improvements • 25%
Other • 25%
Environmental projects • 25%
Road infrastructure • 25%