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New York Governor Hochul Signs Revised Climate Superfund Law

Bloomberg Law · last updated

New York Gov. Kathy Hochul (D) on Friday signed provisions tweaking the state’s second-in-the-nation law to charge fossil fuel companies for climate change damage.

Senate Bill 824, sponsored by state Sen. Liz Krueger (D), would hold entities accountable for emissions made from 2000-2024. The original Climate Change Superfund Act, signed in December, featured a shorter covered period of 2000-2018.

The new law also gives state regulators more time to promulgate regulations and issue cost recovery demands from companies responsible for more than 1 billion tons of carbon emissions over the covered period.

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