Governor Kathy Hochul on Thursday signed legislation to bolster New York’s efforts to protect and restore the environment by requiring large fossil fuel companies to pay for critical projects.
The new law creates a ‘Climate Superfund’ to support New York-based projects that bolster New York’s resiliency to dangerous climate impacts like flooding and extreme heat, according to a press release.
"The Climate Change Superfund Act is a huge win that will reinvest $75 billion into the communities most impacted by toxic air pollution, record-breaking storms, and dangerous heat waves," said Theodore A. Moore, the executive director of the nonprofit Alliance For A Greater New York. "But we can’t correct course on our rapidly worsening climate crisis one bill at a time. In 2025, we need massive investments and bold action from New York’s leaders to transform our state into an equitable renewable economy with green union jobs, affordable energy bills for working families, and resilient infrastructure for a healthy, sustainable future.”
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