New York to charge fossil fuel companies for damage from climate change under new law

[thatdemguy]

5. There is no way to put anything

That would prevent it from being passed on. And if they tried to do any price control there is no law that says exxon or any other company has to do business in New York.

So try to prevent it from being passed on is impossible with out saying something like gas can not be higher than say 2 cents more than the average price in states XYZ. That is a price control and would not work.

Also lets be honest its not going be be more than a cent or two. I just looked it up, 5.7 billion gallons of gasoline are used a year in NY. At 1 cent per gallon that 57 million dollars. This does not include diesel, heating oil, nat gas propane etc. So lets take a guess and say gas is 1/3 of it, thats 150 million. New yorks gdp is 2.3 trillion, 150 million is a rounding error at that level. They are expected to have a 2.4 billion deficit in 2024, and 7 billion next year.

Any money they take in will just be used to help the state budget. Yes the state budget is now used to do some of what they want to do here. ( Fix the CC damage ). But it will just be seen as a another tax increase.