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The Independent UK
The Independent UK
National
Via AP news wire

New York to charge fossil fuel companies for damage from climate change

New York Climate Change Kathy Hochul Liz Krueger
Climate Fund New York - (Copyright 2021 The Associated Press. All rights reserved.)

Large fossil fuel companies would have to pay fees to help New York fight the effects of climate change under a bill signed Thursday by Gov. Kathy Hochul.

The new law requires companies responsible for substantial greenhouse gas emissions to pay into a state fund for infrastructure projects meant to repair or avoid future damage from climate change.

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