New York Governor signs Climate Law that Fines Fossil Fuel Companies

Wouldya look at this !!

NY Governor Hochul signed a new law that chops big fines for fossil fuel companies for causing climate change!

What'll they think of next.

Most likely unconstitutional.

But do it anyway as they say.

Just when you thought carbon credits were supreme ❗️

[sound of loons]

Gov. Kathy Hochul approved a controversial law that will force oil, natural-gas and coal companies to fork over a staggering $75 billion to the state for carbon emissions and allegedly contributing to climate change.

But critics claim the law is unworkable, likely to be challenged in court and will only end up costing customers more.

“What would you have them do? Not sell fuel in New York State,” said Ken Pokalsky, vice president of the New York State Business Council, which opposed the measure.

Hochul signs NY law that will charge $75B to oil, gas and coal companies for climate change — but critics say customers will pick up tab

At least she isn't raising taxes.

a reply to: xuenchen

She's a fascist, drunk on power she doesn't have.

a reply to: xuenchen

Just another scam by the con artist Democrats to rip everyone off.

a reply to: xuenchen

Well, it seems obvious that the coal, oil, natural gas, and propane industries could simply cut off New York State, and call it good. I mean, I wouldn't wish that for them, but if the Governor wants to levy fines, then the state can contemplate life without fuel. I mean........ what??? What did you expect would happen???

originally posted by: argentus
a reply to: xuenchen

Well, it seems obvious that the coal, oil, natural gas, and propane industries could simply cut off New York State, and call it good. I mean, I wouldn't wish that for them, but if the Governor wants to levy fines, then the state can contemplate life without fuel. I mean........ what??? What did you expect would happen???

I am in entire agreement with you here. Let New York State live without propane, electricity, gasoline and diesel until it gets worked out in the court system.

What's the worst that could happen?

I mean, they can charge their electric cars with...

Oh wait.

A funny quote...

Natural gas, hydropower, and nuclear energy have consistently generated more than 90% of New York's electricity during the past decade. Renewable resources, including solar energy, from both utility-scale (1 megawatt and larger) and small-scale (less than 1 megawatt) installations, as well as wind and biomass, provided almost all the rest of New York State's electricity net generation in 2022.

Natural gas fuels 6 of the state's 10 largest power plants by capacity and 5 of the 10 largest by generation.

In 2022, natural gas-fired power plants accounted for almost three-fifths of New York's generating capacity and 47% of New York's total electricity generation

To increase reliability, especially during the winter months when natural gas pipelines are highly congested, natural gas-fired electricity generating units with dual-fuel capability can switch fuels in the event of a natural gas supply disruption.

In 2022, about two-thirds of the state's natural gas-fired capacity had dual-fuel capability, allowing them to also burn petroleum products.

I do believe she thinks electricity comes from these holes in the walls you plug things into. Much like the belief that food is made in the back of grocery stores.

I predict the people of New York will get very cold soon. Perhaps they will find an alternate heat source. Political hot air possibly?

a reply to: argentus

Or we could just kick NYC out of here and have a rational government.

Keep it up..you’re so close to your distopian future, you’ll eventually regret it, slow learners?🤷‍♂️

If the people of New York don't recall Hochul, they aren't bothered too much by what she does.

a reply to: argentus

Seems as if NYers, both corporatewise and individualized, will be opting to leave that state too because of increases in the cost of living there.

Wait till she realizes the list of which are made using petroleum. I hope the New York Jets and the Giants sue her because footballs are made with the stuff.

a reply to: argentus

Agreed! If I was running an oil company, my response to this would be to immediately slap a "Service Charge" onto all production units subjected to this new tax. This service charge would equal 150% of the new tax amount, and the additional 50% would be explained as "overhead and administrative costs as a result of the added bureaucracy of the new tax". And...I would clearly state that any future "punitive" measures like this tax in the future will be met with equal or greater "service charges" in the future.

This would stop this ridiculous and draconian politicking dead in its tracks!

"You wanna' play with fire, governor?? How ya' like me now???!!!".

edit - The direct and immediate result of this would be to businesses, who will absolutely not think twice to pass these costs on to consumers. Consumers, revolting at the added costs, will go elsewhere to buy their products, which will in-turn make it unprofitable for these businesses to do business in the State of NY, which will ultimately cause them to leave and do business elsewhere. The trickle down effect of this will be businesses (non-energy related) also leaving NY because of the lost revenue and increased cost of doing business. No business, no customers...equals mass exodus of taxpayers, equals less taxes, equals disaster for politicians passing these completely IDIOTIC measures! Equals...NO SOUP FOR YOU, GOVERNOR! Buh-BYE!!

originally posted by: argentus
a reply to: xuenchen

Well, it seems obvious that the coal, oil, natural gas, and propane industries could simply cut off New York State, and call it good. I mean, I wouldn't wish that for them, but if the Governor wants to levy fines, then the state can contemplate life without fuel. I mean........ what??? What did you expect would happen???

This would be a perfect trial run for all those who think Climate Change is an existential threat and must be dealt with immediately. This would be what that would look like. Instantly solve the bulk of your issues. Perhaps it might offer some small challenges, but remember, long ago, we did just fine with horses and buggies. The Amish seem to get by alright. I think this is a fantastic idea. We just won't know if we can all survive without it, until we try, and who better to try than the brave New Yorkers who voted this leadership in.

At the serious risk of being attacked please read about Edward Heath and his policies in the early 1970s. he was the Prime Minister of the UK who thought he could run roughshod over the fuel industry. At that time the UK coal industry was the prime fuel source and with general strikes by the miners the country, with less fuel, was forced to only work 3 days a week. That action bought his government down. Now don't waffle on about unions that action was about holding back the fuel.

originally posted by: WeMustCare
If the people of New York don't recall Hochul, they aren't bothered too much by what she does.

Nobody wants her here....NYC sets the agenda for those of us north of long island.

If you dont think the dems cheat in NYS for the win, you are stupid. (Not directed at u care)

As a refugee from NY state who thought had escaped the madness.

I fear energy companies will spread this pain across the country to those who'd never voted or had a say in this insanity - much like the ENTIRE country pays for decisions made by equally insane policies of CARB which likewise no one outside Cali has any say in.

a reply to: xuenchen

I love to see stupid in progress.

This is how you get $15 a gallon gas. This is how you get a $2000 heating bill every month. You want a taxi so you don't have to walk 6 blocks ? $100.

Had too much to drink and want an Uber to get you home ? $150.

Some of these are foreign companies, so good luck squeezing them for money and if they do, they'll just up the price to compensate.

This is how you get companies to leave your state. Just ask California and Illinois.

a reply to: network dude

I like this plan...and for a couple reasons too.

1. It forces direct accountability for idiotic policies with some idealistic ideology. And, ...

2. It also addresses an issue which member Phoenix points out above, specifically policies decided upon by one State which affect all other states who have no control over that policy, CARB was the example he used, and he's exactly right. That little CARB stunt in Kalifornia cost me about $10,000 extra dollars last year when I purchased a new diesel truck.

a reply to: Flyingclaydisk

A "Climate Maintenance" fee 😄