Bronx Assemblymember Jeffrey Dinowitz discussed the Climate Change Superfund Act and explained how it would hold multinational oil companies responsible.
The first-in-the-nation bill would charge fossil fuel companies for climate change destruction.
The biggest polluters would have to pay $3 billion per year for the next 25 years to help fight global warming.
Dinowitz explained how the New York state Department of Environmental Conservation would administer the fund.
Companies that would be responsible to pay are based on public industry reports detailing fossil fuel outputs.
Dinowitz explained how the money from the Superfund Act would support state infrastructure adaptation projects.
He also shared why he’s a big supporter of the NY Heat Act, which aligns utility regulation with state climate justice and emission reduction targets.