US Chamber of Commerce Joins Battle Against NY State's $75B Climate Superfund

The U.S. Chamber of Commerce and other business groups joined the battle against a New York State law requiring fossil fuel companies to pay for a $75 billion climate change fund, calling the policy an unconstitutional effort to dictate the whole country’s energy policy.

In a lawsuit filed in the U.S. District Court for the Southern District of New York on Friday, the trade groups argued that the Climate Change Superfund Act exposed them to “significant” penalties for greenhouse gas emissions beyond not only New York’s borders, but those of the United States. But interstate and international issues are exclusively a federal matter, they said.