Albany’s new fossil fuels ‘super-fund’ could hit consumers hard

Gov. Hochul signed Bill S2129A into law, deputizing the Department of Environmental Conservation to fine fossil fuel companies for past greenhouse gas emissions.

The scheme sets a target of $75 billion to be collected from such firms over a 25-year period.

The fund will dole out cash to well-connected trade unions, “disadvantaged” communities and special interest groups.