FIVE days before 2024 ended, The New York Times published a banner story highlighting a new law that penalizes companies for their greenhouse gas (GHG) emissions. It reported that Gov. Kathy Hochul of New York signed the Climate Change Superfund Act into law.
This legislation mandates that companies responsible for carbon dioxide emissions from 2000–2024 should make an annual contribution of $3 billion for the next 25 years. The revenue generated will support climate resilience initiatives and fund projects aimed at mitigating climate change impacts in the state.
