Hochul Signs Bill Forcing Energy Companies to Fund Green Energy Slush Fund – IOTW Report

Hochul Signs Bill Forcing Energy Companies to Fund Green Energy Slush Fund

Newsweek

New York Governor Kathy Hochul, a Democrat, signed legislation this week that requires major fossil fuel companies to contribute fees to support New York’s climate change mitigation efforts.

Under the new law, companies with significant greenhouse gas emissions will be required to contribute to a state fund dedicated to infrastructure projects aimed at mitigating future climate change damage and repairing existing impacts.

Why It Matters

The legislation, approved earlier this year, compels major oil and gas companies to help cover the costs of recovery after extreme weather events. The funds will also support resilience projects, including coastal wetland restoration and upgrades to critical infrastructure like roads, bridges and water drainage systems. More

20 Comments on Hochul Signs Bill Forcing Energy Companies to Fund Green Energy Slush Fund

  1. Simple solution: pull out of New York. Cease operations there. When there’s no electricity or gasoline, she’ll end up in a poor remake of Escape from New York…only without Kurt Russell to save her ass.

    17
  2. I don’t see this as having a snowballs chance in hell of surviving court challenges. I guess, more properly, appeals, because the lower courts are stacked with retarded commies that will surely rubber stamp this bullshit.

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  3. They will sue, and Trump DOJ or SCOTUS will reverse the law. But they should just delay some shipments.
    They could pull out completely, but reversing that (which would happen) would be very expensive.

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  4. Has NY enjoined banks from writing 30 year mortgages on beach front homes? No?

    Would be a delight if the energy companys closed the valves on the product and natural gas pipelines at the state line.

    “To assist the Great State of New York in their quest to minimize damage from fossil fuel induced climate change, all gasoline, diesel, jet fuel and natural gas deliveries have been suspended effective immediately.”

    Can you imagine the politicians response to that?

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  5. Prove it Bitch!
    This is how we know global cooling, global warming, climate pause, climate change or whutever the fuk they’re calling it THIS week is a hoax! She is using this as financial terrorism!

    You don’t negotiate with terrorists regardless of their color, religion or sex… PERIOD!
    Cut back on the oil and let them ration it or just cut it off completely… I don’t care which, the main objective is to send an unambiguous message with extreme prejudice.

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  6. Hochul is mentally ill – and I believe on some kind of psychotropic medication. Just look at those dead eyes – and her all around oblivousness and stupidity. NY voted for this Kamala Harris-type of wreck, so they deserve her.

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  7. A Green Energy Slush Fund? That mean energy companies will be indirectly contributing to the Democrat party. Green Energy is a scam/grift used by the left. Every Demwit NY candidate running for political office gets to grab a fist full of dollars from this slush fund for their campaigns.

  8. The energy companies will go along and raise prices more than the extortion Hochul is demanding to line their own pockets at the expense of the peeps.

    Watch and see.

    mortem tyrannis
    izlamo delenda est …

  9. “Hochul to Energy Companies: Fetch me a stick with which to beat you.”
    “Hochul to Energy Companies: Fetch me a stick with which to beat NYers and increase my take.”

    Fixed it for ya!

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