Current:Home > NewsNew Jersey, home to many oil and gas producers, eyes fees to fight climate change -PureWealth Academy
New Jersey, home to many oil and gas producers, eyes fees to fight climate change
View
Date:2025-04-15 16:52:35
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! (67)
Related
- Meta donates $1 million to Trump’s inauguration fund
- Crews battling 2 wildfires in New Jersey
- Questions about sexual orientation and gender ID on track to be on US Census Bureau survey by 2027
- Travis Kelce Details Meeting “Awesome” Caitlin Clark at Taylor Swift’s Indianapolis Concert
- The Best Stocking Stuffers Under $25
- Hope is not a plan. Florida decides to keep football coach Billy Napier despite poor results
- 'They are family': California girl wins $300,000 settlement after pet goat seized, killed
- Can legislation combat the surge of non-consensual deepfake porn? | The Excerpt
- 2024 Olympics: Gymnast Ana Barbosu Taking Social Media Break After Scoring Controversy
- New details emerge in deadly Catalina Island plane crash off the Southern California coast
Ranking
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- A Heart for Charity and the Power of Technology: Dexter Quisenberry Builds a Better Society
- 43 monkeys escape from a South Carolina medical lab. Police say there is no serious danger
- Every Time Cynthia Erivo and Ariana Grande Channeled Their Wicked Characters in Real Life
- Residents in Alaska capital clean up swamped homes after an ice dam burst and unleashed a flood
- 'The View' co-hosts react to Donald Trump win: How to watch ABC daytime show
- Police Search Underway After 40 Monkeys Escape Facility in South Carolina
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Open Door
Recommendation
IOC's decision to separate speed climbing from other disciplines paying off
When was Mike Tyson's first fight? What to know about legend's start in boxing
Chris Evans’ Rugged New Look Will Have You Assembling
Watch wild moment raccoon falls from ceiling in LaGuardia Airport terminal
Boy who wandered away from his 5th birthday party found dead in canal, police say
Hollywood’s Favorite Leg-Elongating Jeans Made Me Ditch My Wide-Legs Forever—Starting at Only $16
Opinion: Mourning Harris' loss? Here's a definitive list of her best campaign performers.
Man who used legal loophole to live rent-free for years in NYC hotel found unfit to stand trial