Hochul Signs Bill Forcing Big Oil to Pay for Climate Damage

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New York Democrat Gov. Kathy Hochul signed a law that will require fossil fuel companies to pay for damages related to "climate impact" and adverse weather conditions, the governor's office announced on Thursday.

The self-described "landmark legislation" looks to create a "Climate Superfund" that will make New York more resilient to conditions such as flooding and extreme heat. "With nearly every record rainfall, heat wave, and coastal storm, New Yorkers are increasingly burdened with billions of dollars in health, safety, and environmental consequences due to polluters that have historically harmed our environment," Hochul said in a statement.

Democrat state Sen. Liz Krueger, a cosponsor on the bill, called the law a "shot that will be heard 'round the world.'"

Evidently, they did not get the Nov. 5th memo.....Oh well, some people you just can't reach.

The answer from "Big Oil" should be “tax deez nuts!”, then cease all petroleum fuel sales in her state, hopefully just before a state-wide snowstorm. ;)

Problem solved, problem staying solved.

 

New York Democrat Gov. Kathy Hochul signed a law that will require fossil fuel companies to pay for damages related to "climate impact" and adverse weather conditions, the governor's office announced on Thursday.

The self-described "landmark legislation" looks to create a "Climate Superfund" that will make New York more resilient to conditions such as flooding and extreme heat. "With nearly every record rainfall, heat wave, and coastal storm, New Yorkers are increasingly burdened with billions of dollars in health, safety, and environmental consequences due to polluters that have historically harmed our environment," Hochul said in a statement.

Democrat state Sen. Liz Krueger, a cosponsor on the bill, called the law a "shot that will be heard 'round the world.'"

Evidently, they did not get the Nov. 5th memo.....Oh well, some people you just can't reach.

The answer from "Big Oil" should be “tax deez nuts!”, then cease all petroleum fuel sales in her state, hopefully just before a state-wide snowstorm. ;)

Problem solved, problem staying solved.
Any new tax on oil companies will be passed on to the consumer

I think the greenies are in for a disappointment
 
So, in other words, they wrote legislation that allows them to write a blank check at the expense of big oil.

Now, when they need money, they can just claim "climate damage" and take the money.
 

New York Democrat Gov. Kathy Hochul signed a law that will require fossil fuel companies to pay for damages related to "climate impact" and adverse weather conditions, the governor's office announced on Thursday.

The self-described "landmark legislation" looks to create a "Climate Superfund" that will make New York more resilient to conditions such as flooding and extreme heat. "With nearly every record rainfall, heat wave, and coastal storm, New Yorkers are increasingly burdened with billions of dollars in health, safety, and environmental consequences due to polluters that have historically harmed our environment," Hochul said in a statement.

Democrat state Sen. Liz Krueger, a cosponsor on the bill, called the law a "shot that will be heard 'round the world.'"

Evidently, they did not get the Nov. 5th memo.....Oh well, some people you just can't reach.

The answer from "Big Oil" should be “tax deez nuts!”, then cease all petroleum fuel sales in her state, hopefully just before a state-wide snowstorm. ;)

Problem solved, problem staying solved.

It's just a make work law for lawyers.
 
So, in other words, they wrote legislation that allows them to write a blank check at the expense of big oil.

Now, when they need money, they can just claim "climate damage" and take the money.
Cut them off for a week and watch the problem correct itself.
 

New York Democrat Gov. Kathy Hochul signed a law that will require fossil fuel companies to pay for damages related to "climate impact" and adverse weather conditions, the governor's office announced on Thursday.

The self-described "landmark legislation" looks to create a "Climate Superfund" that will make New York more resilient to conditions such as flooding and extreme heat. "With nearly every record rainfall, heat wave, and coastal storm, New Yorkers are increasingly burdened with billions of dollars in health, safety, and environmental consequences due to polluters that have historically harmed our environment," Hochul said in a statement.

Democrat state Sen. Liz Krueger, a cosponsor on the bill, called the law a "shot that will be heard 'round the world.'"

Evidently, they did not get the Nov. 5th memo.....Oh well, some people you just can't reach.

The answer from "Big Oil" should be “tax deez nuts!”, then cease all petroleum fuel sales in her state, hopefully just before a state-wide snowstorm. ;)

Problem solved, problem staying solved.
I wonder why she doesnt force Heinz Corporation to pay billions of dollars for producing 100s of thousands of tonnes of CO2? I think that impact should be scrutinized and possible legal actions.



592 thousand tonnes
In 2020, Kraft Heinz's Scope 1 emissions were 592 thousand tonnes of CO2 equivalents, decreased by 0.6% on a year-on-year basis. Scope 2 emissions (location-based) accounted for 698 thousand tonnes of CO2 equivalents, decreased by 2.3% on a year-on-year basis12.
 
New York is a clusterfuck. NYC retail space vacancies are higher than they have ever been. State Business Licenses are cratering. The places still trying to do retail have astronomical shrinkage.

Looks like they are going to try and litigate to stay alive.

It's not going to work but they will try.
 
So, in other words, they wrote legislation that allows them to write a blank check at the expense of big oil.

Now, when they need money, they can just claim "climate damage" and take the money.
Until those companies head out of that shithole state and into more friendlier states. Then it is buyer be damned. And all those tax paying workers go with them.
 

New York Democrat Gov. Kathy Hochul signed a law that will require fossil fuel companies to pay for damages related to "climate impact" and adverse weather conditions, the governor's office announced on Thursday.

The self-described "landmark legislation" looks to create a "Climate Superfund" that will make New York more resilient to conditions such as flooding and extreme heat. "With nearly every record rainfall, heat wave, and coastal storm, New Yorkers are increasingly burdened with billions of dollars in health, safety, and environmental consequences due to polluters that have historically harmed our environment," Hochul said in a statement.

Democrat state Sen. Liz Krueger, a cosponsor on the bill, called the law a "shot that will be heard 'round the world.'"

Evidently, they did not get the Nov. 5th memo.....Oh well, some people you just can't reach.

The answer from "Big Oil" should be “tax deez nuts!”, then cease all petroleum fuel sales in her state, hopefully just before a state-wide snowstorm. ;)

Problem solved, problem staying solved.
When's the Wicked Witch of The North getting voted out?
Maybe just throw a bucket of water on her? :terror:
 
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Until those companies head out of that shithole state and into more friendlier states. Then it is buyer be damned. And all those tax paying workers go with them.
The only way that will happen is if NY starts taking more money than big oil gets from the sale of energy. That will also include the costs they will pass on to the rest of the world in for form of higher energy prices to offset the theft.

Which points to the fact that if Dems can force the price of energy to go up, it makes Trump look bad and we all know that the'd kill their own grandmothers to do that.
 
When's the Wicked Witch of The North getting voted out?
Maybe just throw a bucket of water on her. :terror:
I think the only thing that would do the needful would be a house.

OIP.KOq5ZhNSV8qt6CXEvWI8bQHaEv
 

New York Democrat Gov. Kathy Hochul signed a law that will require fossil fuel companies to pay for damages related to "climate impact" and adverse weather conditions, the governor's office announced on Thursday.

The self-described "landmark legislation" looks to create a "Climate Superfund" that will make New York more resilient to conditions such as flooding and extreme heat. "With nearly every record rainfall, heat wave, and coastal storm, New Yorkers are increasingly burdened with billions of dollars in health, safety, and environmental consequences due to polluters that have historically harmed our environment," Hochul said in a statement.

Democrat state Sen. Liz Krueger, a cosponsor on the bill, called the law a "shot that will be heard 'round the world.'"

Evidently, they did not get the Nov. 5th memo.....Oh well, some people you just can't reach.

The answer from "Big Oil" should be “tax deez nuts!”, then cease all petroleum fuel sales in her state, hopefully just before a state-wide snowstorm. ;)

Problem solved, problem staying solved.
how can she prove that?

She would first need some data from a warmer group that has never provided any since it started squealing in 1945.
 
15th post
Any new tax on oil companies will be passed on to the consumer

I think the greenies are in for a disappointment

Greenies know this ... that's the whole point ... making fossil fuels artificially more expensive than alternatives ...

The memo on Nov. 5th said "States have to legislate this for themselves, Feds are staying out for the next four years" ...

This is what folks in New York State want ... if you don't like it, move to Virginia ... or Mississippi ...
 
A massive victory for Planet Earth

Please please ... what is this alleged "climate pollution" ... and show your math ... the people who caused this "crisis" are driving passenger vehicles, flying commercial airlines and eat meat ... the filthy pigs ... the only good thing about them is they murder their own unborn children ...

"This type of legislation represents nothing more than a punitive new fee on American energy" ... I'd rather they tax energy than food ... or better only tax earned income ... smart folks know ways around that ... it's the stupid burning the fuel, let the stupid pay taxes for the alleged clean-up ...

Buy an F-250 with a snow plow because stupid people live where it snows ...

Exxon share prices tripled under the Biden Administration ... too funny ...
 
The answer from "Big Oil" should be “tax deez nuts!”, then cease all petroleum fuel sales in her state, hopefully just before a state-wide snowstorm.

You stole my idea. Easiest way to comply with the ***** would be to say "Fine. No more oil-based climate-changing products for New York State" Suck on that.

BTW, about 80% of everything we need and used is petroleum-base related.

Then when she begs them back, add a 50% excise tax to the retail cost of everything to help defray the cost of their dealing with climate-change litigation.
 
I don't see this working out. When individual states throw heavy requirements or taxes on industries in that state, then those industries typically are able to push the cost down.
 
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