Newou can listen to Fox News articles!
New York law signed by Gov. Kathy Hochul would impose $75 billion in debt on major fossil fuel companies by forcing them to pay the state’s “climate super funds” according to their emissions, West Virginia Attorney General warned Friday.
“It will be devastating, not just for the economy of West Virginia, Kentucky and Pennsylvania, but for the economy of every nation,” McCasseki said.
“If you don’t have access to reliable, cheap electricity, the only way to make it now is to use fossil fuels. All American energy bills will skyrocket.”
McCuskey warned that it is the same energy company that provides livable conditions and convenience for the same New York City residents who boosted the policy.
The Blue State Court’s climate law could hurt U.S. energy consumers, experts said:
Power plant in Poca, West Virginia. (Getty)
The skyscrapers scattered throughout the city were dependent on Pennsylvania steel and the power of West Virginia to begin with. McCasky said it was ‘ironic’ to see Manhattan people looking down.
McCasky, who leads scores for other states seeking to suspend New York law, said costs will rise across the board, including other concerns that could not be immediately thought of as being directly linked to fossil fuels and physical infrastructure.
Hochul counters such opposition, claiming that increasingly strong weather patterns are increasingly putting a burden on billions of dollars in health and environment New Yorkers due to the pollutants that have historically harmed our environment.
“The establishment of the Climate SuperFund is the latest example of my administration suing my administration to be responsible for the damages caused to our environment and to demand major investments in critical infrastructure and other projects to protect our communities and the economy,” Hochul said in a statement.
“Climate cult” as lawmakers push against the obstacles of the blue state and bounce back into energy control.
West Virginia Attorney General JB McCasky said it was “sarcastic” to see him “looking down at the people of Manhattan.” (istock)
McCausky added that the second suit also faces a similar 2024 law in Vermont, but warned that the Green Mountain State version doesn’t have a $75 billion cap like the adjacent Empire State.
Vermont Republican Gov. Phil Scott refused to reject or sign the law and enacted it.
Rep. Martin Lalonde of D-South Burlington predicted that “big oil will fight this in court,” but in a statement at the time, “the interest is too high and it is steep to free the businesses that caused this disruption from their obligation to help Vermonters clean it.”
The hearing in the New York case is expected to begin in July, and he expected the Supreme Court to have final words no matter what happens in Albany’s judiciary.
The $300 million LA lawsuit could “destroy” the Gulf energy industry, critics warn the state’s position to question it.
Around 12 states, including Illinois, Massachusetts and California, are pursuing similar laws, so litigators may soon fill up their hands.
“The New York case is so important, $75 billion is ridiculous, but if it’s 75 billion times the x state count, it’s kind of law that will make energy companies go bankrupt,” he said.
Click here to get the Fox News app
The Louisiana lawsuit filed by the coastal Parish Plaquemins recently cost Chevron billions of dollars on pollution plaintiffs, which were decades ago, claimed to have been caused by its subsidiary Texaco before the two companies were linked.
McCusky said that energy development and the coal and gas industry are so closely linked to West Virginia, that losses will be devastating for mountaineers.
In states ready to celebrate their 162nd birthday on Friday, concerns over weakening of the energy industry were a rare bipartisan point on state or federal issues.
At the time, it was Sen. Joe Manchin, DW.V., and infuriated actress Bette Midler were furious for misusing West Virginians for the “Brooklyn size” and mistakenly wielding political power in a conflict in then-President Joe Biden’s “build backback” plan.
Manchin and Imasen. Jim Justice II – The governor of the state at the time was kindly taken by its features, so Justice took him to the floor of Charleston’s house and lifted his bulldog, babydog, and declared that Midler could “kiss her high knees.”
Charles Kraitz is a reporter for Fox News Digital.
He joined Fox News in 2013 as a writer and production assistant.
Charles covers the media, politics and culture of Fox News Digital.
Charles is a Pennsylvania native and graduated from Temple University with a Bachelor of Arts in Broadcast Journalism. Story tips can be sent to charles.creitz@fox.com.
Source link