NY's plan to charge fossil-fuel producers $75B for climate change damages struck down
A federal judge has struck down New York’s attempt to make fossil fuel-producing industries pay into a $75 billion fund to repair damage wrought by climate change
A federal judge has struck down New York’s attempt to make fossil fuel-producing industries pay into a $75 billion fund to repair damage wrought by climate change
BELLINGS Intelligence Score: 38
Why it matters
The federal judge's decision to strike down New York's $75 billion charge on fossil-fuel producers is a notable legal and regulatory development affecting climate-related liability and energy sectors, but it lacks immediate systemic or market-wide credit impact.
Sources
ABC News Business
NY's plan to charge fossil-fuel producers $75B for climate change damages struck down
A federal judge has struck down New York’s attempt to make fossil fuel-producing industries pay into a $75 billion fund to repair damage wrought by climate change