22 states sue New York over law forcing energy producers to pay $75 billion into a fund to cover climate change damage.
Twenty-two states sued New York on Thursday, contending that a new law forcing a small group of major energy producers to pay $75 billion into a fund to cover climate change damage is unconstitutional
The lawsuit, filed in Albany, lists state Attorney General Letitia James and other officials as defendants.
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.
“This lawsuit is to ensure that these misguided policies, being forced from one state onto the entire nation, will not lead America into the doldrums of an energy crisis, allowing China, India and Russia to overtake our energy independence.
Source: FORTUNE
