'They helped keep the lights on': 22 states sue New York for its Big Oil-financed climate fund

'They helped keep the lights on': 22 states sue New York for its Big Oil-financed climate fund

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'They helped keep the lights on': 22 states sue New York for its Big Oil-financed climate fund
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A new law in New York mandates major energy producers to contribute $75 billion to a climate change damage fund, which has led to a lawsuit from 22 states claiming the law is unconstitutional. While critics argue it could trigger an energy crisis, New York officials believe it will enhance climate resilience and aid the transition from fossil fuels. The law targets historic greenhouse gas emissions from fossil fuel companies and aims to set a precedent for other states.

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