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How New York State Is Defying Donald Trump’s Plans to Roll Back Climate Action
In a bold move, Governor Kathy Hochul has signed landmark legislation into law, taking a clear stance against the efforts of President-elect Donald Trump to roll back climate action. The new Climate Change Superfund Act requires multinational oil and gas companies to contribute to a fund that will support infrastructure projects aimed at protecting New Yorkers from the devastating consequences of climate change.
Despite Trump’s pledge to withdraw the United States from the Paris agreement and initiate a deregulatory spree, New York has demonstrated its commitment to upholding environmental regulations. The legislation is designed to hold accountable those fossil fuel companies responsible for over 1 billion tons of greenhouse gas emissions.
This historic law aims to reduce the financial burden on New Yorkers by $3 billion each year through 2050. Climate change-related events are expected to cost a staggering half-trillion dollars in preparation and recovery efforts within the next few decades.
Source: www.theverge.com
