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NY Governor Hochul signs bill making fossil fuel firms pay $75 billion for climate resilience over 25 years.
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.
This $75 billion initiative over 25 years aims to hold polluters accountable for climate damages, shifting costs from taxpayers to major fossil fuel companies.
It makes New York the second state to implement such a law, following Vermont.
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El gobernador de Nueva York, Hochul, firma un proyecto de ley que hace que las empresas de combustibles fósiles paguen $75 mil millones por resiliencia climática durante 25 años.