New York’s ambitious proposal to impose a climate‑change fee on fossil‑fuel producers has been rejected by the state’s court, halting a key revenue‑generating measure aimed at reducing greenhouse gas emissions. The plan, which would have levied a tax on companies that emit carbon, was intended to fund clean‑energy initiatives and help the state meet its climate goals. Critics argue the ruling could slow progress on decarbonization and leave a gap in the budget earmarked for environmental projects. The decision comes as lawmakers grapple with balancing economic interests and the urgency of climate action.
N.Y.’s plan to charge fossil-fuel producers for climate change struck down Spectrum News
