Current:Home > MyNew Jersey, home to many oil and gas producers, eyes fees to fight climate change -InfiniteWealth
New Jersey, home to many oil and gas producers, eyes fees to fight climate change
View
Date:2025-04-19 06:33:43
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! (93246)
Related
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Diane von Furstenberg on documentary, 'biggest gift' from mom, an Auschwitz survivor
- Who Is Shivon Zilis? Meet the Mother of 3 of Elon Musk's 12 Children
- Perkins is overhauling its 300 restaurants. Here's the new look and menu.
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Tennessee is sued over law that criminalizes helping minors get abortions without parental approval
- Wisconsin judge won’t allow boaters on flooded private property
- Surgeons perform kidney transplant with patient awake during procedure
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Rare 1-3-5 triple play helps Philadelphia Phillies topple Detroit Tigers
Ranking
- The White House is cracking down on overdraft fees
- Alabama town’s first Black mayor, who had been locked out of office, will return under settlement
- Active shooters targeting the public spiked from 2019 to 2023 compared to prior 5-year period, FBI report says
- Are the economy and job growth slowing? Not based on sales of worker uniform patches.
- See you latte: Starbucks plans to cut 30% of its menu
- 'House of the Dragon' Cargyll twin actors explain deadly brother battle: Episode 2 recap
- Can’t Sleep? These Amazon Pajamas Are Comfy, Lightweight, and Just What You Need for Summer Nights
- Trump lawyers in classified documents case will ask the judge to suppress evidence from prosecutors
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
Federal lawsuit challenges Georgia law that limits many people or groups to posting 3 bonds a year
As more Texans struggle with housing costs, homeownership becoming less attainable
Stock market today: Asian stocks follow Wall Street rise, but Nvidia tumbles again as AI mania cools
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Surgeons perform kidney transplant with patient awake during procedure
Supreme Court won’t hear case claiming discrimination in Georgia Public Service Commission elections
Jared Padalecki Shares How He Overcame Struggle With Suicidal Ideation