Current:Home > FinanceNew Jersey, home to many oil and gas producers, eyes fees to fight climate change -CapitalWay
New Jersey, home to many oil and gas producers, eyes fees to fight climate change
View
Date:2025-04-13 05:58:59
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! (8513)
Related
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Home health provider to lay off 785 workers and leave Alabama, blaming state’s Medicaid policies
- Star studded strikes: Celebrities show up for WGA, SAG-AFTRA pickets
- Hollywood strikes enter a new phase as daytime shows like Drew Barrymore’s return despite pickets
- Global Warming Set the Stage for Los Angeles Fires
- How Shawn Fain, an unlikely and outspoken president, led the UAW to strike
- UNESCO names Erfurt’s medieval Jewish buildings in Germany as a World Heritage Site
- Los Angeles sheriff's deputy shot in patrol vehicle, office says
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Mike Babcock resigns as Blue Jackets coach amid investigation involving players’ photos
Ranking
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Misery Index Week 3: Michigan State finds out it's facing difficult rebuild
- Aaron Rodgers says doubters will fuel his recovery from Achilles tear: 'Watch what I do'
- Former Phillies manager Charlie Manuel suffers a stroke in Florida hospital
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Activists in Europe mark the anniversary of Mahsa Amini’s death in police custody in Iran
- Alabama high school band director stunned, arrested after refusing to end performance, police say
- Hundreds protest against the Malaysian government after deputy premier’s graft charges were dropped
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
Ashton Kutcher resigns from anti-child sex abuse nonprofit after supporting Danny Masterson
Colorado State's Jay Norvell says he was trying to fire up team with remark on Deion Sanders
California sues oil giants, saying they downplayed climate change. Here's what to know
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
A Fracker in Pennsylvania Wants to Take 1.5 Million Gallons a Day From a Small, Biodiverse Creek. Should the State Approve a Permit?
Hugh Jackman and Deborra-Lee Furness announce their separation after 27 years of marriage
Timeline leading to Texas Attorney General Ken Paxton’s acquittal in his impeachment trial