A bipartisan coalition in New York has successfully blocked a proposed $75 billion climate-related fee on fossil fuel producers, marking a significant setback for the state’s ambitious emissions reduction plans. The measure, which aimed to penalize coal, oil, and gas companies to fund renewable energy initiatives, faced strong opposition from lawmakers and industry advocates. Critics argued the policy would drive up energy costs for consumers while failing to deliver meaningful environmental benefits. The defeat highlights growing political resistance to aggressive climate policies in key legislative sessions.
Steve Marshall helps sink New York's $75 billion climate 'penalty' on coal, oil and gas producers Yellowhammer News
