Hochul signs bill that will charge oil and gas firms $75B, but critics say customers will really foot the tab (1 Viewer)

[FOX News]

Today New York Governor Kathy Hochul signed into law the Climate Change Superfund Act, which will charge oil and gas firms an estimated $75 billion over the next 25 years. The controversial measure, sponsored by Senator Liz Krueger and Assembly Member Jeffrey Dinowitz, is modeled on federal and state superfund laws, which charge firms accused of pollution.

While environmental groups heralded the legislation, business groups argued that it will increase the cost of doing business in the state and that consumers will ultimately bear the brunt in terms...

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