New York’s $75 Billion Fossil Fuel Fine Faces Legal Challenges
New York’s ambitious new climate law, imposing a staggering $75 billion in fines on fossil fuel companies, is sparking intense debate. The sheer scale of the proposed fines is undeniably eye-catching, prompting many to question its practicality and legal viability. Some view it as a bold, necessary step to hold these companies accountable for their contribution to climate change, while others dismiss it as a largely symbolic gesture destined for legal challenges.
The skepticism surrounding the law’s enforceability is palpable. Many predict that the legal battles that will ensue will likely tie up the process for years, potentially rendering the hefty fines ultimately uncollectible.… Continue reading
Matt Underwood