Hochul's polluters pay bill could result in regressive costs for working families: economists [FOX News]
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Source: FOX News
A New York democratic bill aimed at charging oil and gas companies for pollution could result in regressive costs for working families in the state, energy and economic experts tell Fox News Digital. New York Gov. Kathy Hochul recently signed the Climate Change Superfund Act, a bill that seeks to charge polluters up to $75 billion for pollution dating from 2000 to 2018. The money will reportedly be used to fund projects rebuilding infrastructure damaged by weather over the years. While the bill seeks to fine large corporations, some economists say that such actions will result in higher prices for some New Yorkers "It's heartwarming to see Governor Hochul finally acknowledge what energy advocates have long understood: the best way for humanity to thrive is through adaptation to a changing climate. By signing this bill, she's effectively endorsed that philosophy—though in the most counterproductive way possible," Jason Isaac, CEO and founder of The American Energy Institute, sai
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