5 days ago · According to a statement, West Virginia Attorney General JB McCuskey led the coalition of states against New York’s Climate Change Superfund Act, which requires payments for damage allegedly done from 2000 to 2018. The law requires major fossil fuel companies to pay into the fund over the next quarter-century based on their past gas emissions.

6 days ago · Under the law, called the Climate Change Superfund Act, companies that were the biggest producers of greenhouse gas emissions between the years 2000 and 2024 must pay a combined total of $3 ...

5 days ago · New York became the second U.S. state to create an industry-financed "superfund" to address climate change, under a law signed by Democratic Governor Kathy Hochul on December 26. Vermont's ...

Dec 26, 2024 · Albany – Today, Governor Kathy Hochul signed the Climate Change Superfund Act (S.2129/A.3351), nation-leading legislation that will use the polluter-pays model exemplified by existing federal and state superfund laws to collect $75 billion over twenty-five years for climate change adaptation from the parties most responsible for causing the ...

Dec 26, 2024 · Legislation S.2129-B/A.3351-B creates a ‘Climate Superfund’ to support New York-based projects that bolster New York’s resiliency to dangerous climate impacts like flooding and extreme heat.

Mar 14, 2024 · These state-level “Climate Superfund” bills are modeled on the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA), commonly known as Superfund, which imposes liability on multiple parties, including the generators of waste, for the cleanup of contaminated sites.

Jan 17, 2025 · The law requires certain fossil fuel producers and refiners with sufficient connections to New York to pay into a state “climate Superfund” an amount commensurate with the entity’s past global greenhouse gas (“GHG”) emissions over an eighteen-year period.

Early this month the State Senate passed the Climate Change Superfund Act (S.2129/A.3351), first-in-the-nation legislation that will use the polluter-pays model exemplified by existing federal and state superfund laws to collect $75 billion over twenty-five years for climate change adaptation from the parties most responsible for

BILL NUMBER: S2129B SPONSOR: KRUEGER TITLE OF BILL: An act to amend the environmental conservation law, in relation to establishing the climate change adaptation cost recovery program; and to amend the state finance law, in relation to establishing the climate change adaptation fund PURPOSE: The purpose of the bill is to establish the climate ...

On December 26, 2024, New York Governor Kathy Hochul signed into law S02129B, also known as the New York Climate Change Superfund Act (Act). This law is modeled after the federal Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) and retroactively imposes strict, joint and several liability on responsible parties.