New York Governor Hochul Signs Revised Climate Superfund Law (2)

New York Gov. Kathy Hochul (D) on Friday signed provisions tweaking the state’s second-in-the-nation law to charge fossil fuel companies for climate change damage.

Senate Bill 824, sponsored by state Sen. Liz Krueger (D), would hold entities accountable for emissions made from 2000-2024. The original Climate Change Superfund Act, signed in December, featured a shorter covered period of 2000-2018.

The amended law also gives state regulators more time to promulgate regulations and issue cost recovery demands from entities responsible for more than 1 billion tons of carbon emissions over the covered period.

Through its climate Superfund act, New ...