Overview

• New York's Climate Superfund Act mandates fossil fuel companies pay $75 billion over 25 years to address climate-related damages and infrastructure costs.
• The law seeks to hold oil, gas, and coal companies accountable for pollution from 2000 to 2018, shifting costs from taxpayers to major polluters.
• West Virginia Attorney General J.B. McCuskey leads the coalition of 22 red states and industry groups in arguing that the law oversteps New York's constitutional authority.
• Critics of the law claim it unfairly targets energy producers, including companies operating outside New York, and could have devastating financial impacts on traditional energy industries.
• New York Governor Kathy Hochul defends the law as a necessary measure to protect residents and fund climate adaptation projects, citing the increasing costs of extreme weather events.