New York Passes Climate Superfund Legislation
By EsqSocial Corporation 20/01/25
On December 26, 2024, New York Governor Kathy Hochul signed the Climate Change Superfund Act (“CCSA” or the “Act”) into law. The law requires certain fossil fuel producers and refiners with sufficient connections to New York to pay into a state “climate Superfund” an amount commensurate with the entity’s past global greenhouse gas (“GHG”) emissions over an eighteen-year period....
By: Vinson & Elkins LLP