Current:Home > MyNew Jersey, home to many oil and gas producers, eyes fees to fight climate change -RiskRadar
New Jersey, home to many oil and gas producers, eyes fees to fight climate change
EchoSense View
Date:2025-04-11 04:43:16
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! (38)
Related
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Zelenskyy will arrive on Capitol Hill to grim mood as Biden’s aid package for Ukraine risks collapse
- Three people die in a crash that authorities discovered while investigating a stolen vehicle
- The best time to see the Geminid meteor shower is this week. Here's how to view.
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- NFL Week 14 winners, losers: Chiefs embarrass themselves with meltdown on offsides penalty
- Prince Harry ordered to pay Daily Mail publisher legal fees for failed court challenge
- Zac Efron Puts on the Greatest Show at Star-Studded Walk of Fame Ceremony
- All That You Wanted to Know About She’s All That
- Raven-Symoné reveals her brother died of colon cancer: 'I love you, Blaize'
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- How to watch The Game Awards 2023, the biggest night in video gaming
- Hasbro cuts 1,100 jobs, or 20% of its workforce, prompted by the ongoing malaise in the toy business
- Nebraska priest killed after church assault; suspect is in custody, officials say
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Watch: Florida bear goes Grinch, tramples and steals Christmas lawn decorations
- Third Mississippi man is buried in a pauper’s grave without family’s knowledge
- Austrian authorities arrest 16-year-old who allegedly planned to attack a Vienna synagogue
Recommendation
Former longtime South Carolina congressman John Spratt dies at 82
Russia says it will hold presidential balloting in occupied regions of Ukraine next year
Arizona remains at No. 1 in the USA TODAY Sports men's basketball poll
5-year-old Detroit boy dies, shoots himself with gun in front of siblings: Authorities
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
Man filmed wielding folding chair in riverfront brawl pleads guilty to misdemeanor
Florida school board may seek ouster of Moms for Liberty co-founder over Republican sex scandal
Jennifer Aniston Reveals She Was Texting Matthew Perry Hours Before His Death