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flag NY Governor Hochul signs bill making fossil fuel firms pay $75 billion for climate resilience over 25 years.

flag New York Governor Kathy Hochul signed a bill creating the "Climate Superfund," which mandates fossil fuel companies to fund climate resilience projects, including flood and coastal protection. flag This $75 billion initiative over 25 years aims to hold polluters accountable for climate damages, shifting costs from taxpayers to major fossil fuel companies. flag It makes New York the second state to implement such a law, following Vermont.

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