A New York state court has blocked the government’s attempt to hold fossil-fuel companies financially liable for climate change damages, ruling that the proposed $75 billion assessment exceeds legal authority. The decision follows a lawsuit challenging the state’s authority to impose such costs retroactively, arguing it violates constitutional protections against uncompensated takings. Legal experts suggest the ruling could limit similar efforts by other states seeking to hold energy producers accountable for environmental harm. The case raises broader questions about how governments can balance climate responsibility with legal constraints.
New York's plan to charge fossil-fuel producers $75B for climate change damages is struck down ABC News - Breaking News, Latest News and Videos
