Current:Home > ScamsNew Jersey, home to many oil and gas producers, eyes fees to fight climate change -OptionFlow
New Jersey, home to many oil and gas producers, eyes fees to fight climate change
View
Date:2025-04-14 20:34:08
TRENTON, N.J. (AP) — It’s not an accident that “The Sopranos,” the quintessential show about New Jersey, opens with its main character driving past gasoline and oil storage tanks along the New Jersey Turnpike.
From the outskirts of New York to the Delaware River shoreline across from Philadelphia, New Jersey is home to numerous oil and natural gas facilities.
Those facilities would be charged fees to help the state fight the effects of climate change under a bill being considered in the state Legislature.
The measure, to be discussed Thursday in a state Senate committee, aims to create a Climate Superfund similar to the pot of money assembled by the federal government to clean up toxic waste by charging petroleum and chemical companies an extra tax to fund ongoing cleanups.
It’s a tactic being used or considered in numerous other states, including Vermont, which recently enacted such a law. New York, Maryland, Massachusetts and California are among states considering doing likewise.
“It’s more important than ever that Gov. Murphy and state legislators protect New Jersey taxpayers and the health of our communities by making polluters pay to repair, upgrade and harden our critical infrastructure from climate-driven damage,” said Matt Smith, New Jersey Director of the nonprofit Food & Water Watch.
New Jersey’s business lobby is already working against the bill. Ray Cantor, an official with the New Jersey Business and Industry Association, said the bill will accomplish nothing beyond raising the cost of gasoline for motorists, and gas and oil for home heating customers.
“There are many things wrong with the bill, beyond the fact that it seeks to impose a retroactive liability on companies that were providing a legal, necessary and vital product to the citizens of the state,” he said. “It’s unconstitutionally vague in assessments of costs, and will likely be preempted by federal law. It will do nothing to reduce greenhouse gas emissions or impact climate change.”
His criticism echoed that voiced by the oil and gas industries when Vermont’s bill became law in May.
The New Jersey bill “would establish that certain fossil fuel companies are liable for certain damages caused to the state and its residents by the harmful effects of climate change.”
The burning of fossil fuels including oil, gas and coal is a major contributor to climate change.
The proposal would impose as yet unspecified charges on fossil fuel producers that would go to the state Department of Environmental Protection, which would distribute the money as grants to pay for programs to adapt to climate change and make the state more resilient to severe weather.
The state would take two years to assess damages to New Jersey that have resulted from greenhouse gas emissions from the burning of fossil fuels since 1995, and would establish “that each responsible party is strictly liable” for those damages.
___
Follow Wayne Parry on X at www.twitter.com/WayneParryAC
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
veryGood! (1549)
Related
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Lidia makes landfall as Category 4 hurricane on Mexico's Pacific coast before weakening
- Prince Harry, Duchess Meghan speak out on social media's affect on mental health: 'Children are dying'
- A treacherous descent? What will the Fed do next?
- 'We're reborn!' Gazans express joy at returning home to north
- 104-year-old woman dies days after jumping from plane to break record for oldest skydiver
- Chinese carmaker Geely and Malaysia’s Proton consider EV plant in Thailand, Thai prime minister says
- France’s top body rejects contention by campaigners that racial profiling by police is systemic
- Nevada attorney general revives 2020 fake electors case
- Chef Michael Chiarello's fatal allergic reaction reveals allergies’ hidden dangers
Ranking
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Ben & Jerry's is switching to oat-based recipe for non-dairy products starting in 2024
- Conservationists say Cyprus police are lax in stopping gangs that poach songbirds
- Machine Gun Kelly Responds on Bad Look After Man Rushes Stage
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Holly Willoughby quits 'This Morning' after man arrested for alleged attempt to murder her
- Black student suspended over his hairstyle to be sent to an alternative education program
- Sexual assault victims suing Uber notch a legal victory in long battle
Recommendation
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
DJ Moore is first Bears wide receiver since 1999 to win NFC Offensive Player of the Week
Former offensive lineman Mark Schlereth scorches Jerry Jeudy, Denver for 1-4 start
Keith Urban shares the secret to a great song ahead of Nashville Songwriters Hall of Fame Ceremony
Former longtime South Carolina congressman John Spratt dies at 82
In 'Dicks: The Musical', broad jokes, narrow audience
Canadian autoworkers and General Motors reach a tentative contract agreement
For the People, a comedy set in Minneapolis' Native community, to debut at Guthrie Theater