A New York federal judge has invalidated a state law requiring fossil fuel companies to cover costs related to climate change impacts, ruling that it overstepped federal authority and conflicted with existing legal precedents. The decision comes after legal challenges from industry groups arguing the measure imposed unprecedented financial obligations without proper oversight. Legal experts suggest the ruling could influence similar climate accountability efforts nationwide, raising questions about state governments' power to regulate corporate liabilities. Supporters of the law had framed it as a way to hold major polluters financially responsible for environmental damage.
NY federal judge strikes down state law that would have made fossil fuel companies pay $75 billion for climate change effects amNewYork
