Current:Home > InvestNew Jersey, home to many oil and gas producers, eyes fees to fight climate change -AssetScope
New Jersey, home to many oil and gas producers, eyes fees to fight climate change
View
Date:2025-04-13 06:36:24
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! (3341)
Related
- A White House order claims to end 'censorship.' What does that mean?
- Farm Bureau Warily Concedes on Climate, But Members Praise Trump’s Deregulation
- Scant obesity training in medical school leaves docs ill-prepared to help patients
- China's COVID surge prompts CDC to expand a hunt for new variants among air travelers
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Take on Summer Nights With These Must-Have Cooling Blankets for Hot Sleepers
- UV nail dryers may pose cancer risks, a study says. Here are precautions you can take
- Green Groups Working Hard to Elect Democrats, One Voter at a Time
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- In praise of being late: The upside of spurning the clock
Ranking
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- S Club 7 Shares Tearful Update on Reunion Tour After Paul Cattermole’s Death
- Chicago West Hilariously Calls Out Kim Kardashian’s Cooking in Mother’s Day Card
- Seattle's schools are suing tech giants for harming young people's mental health
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Farmers, Don’t Count on Technology to Protect Agriculture from Climate Change
- Army Corps Halts Dakota Access Pipeline, Pending Review
- Young Florida black bear swims to Florida beach from way out in the ocean
Recommendation
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
U.S. announces $325 million weapons package for Ukraine as counteroffensive gets underway
A Solar City Tries to Rise in Turkey Despite Lack of Federal Support
Look Back on Adam Levine and Behati Prinsloo's Cutest Family Photos
What to watch: O Jolie night
Facebook whistleblower Francis Haugen: No accountability for privacy features implemented to protect young people
Check Out the 16-Mile Final TJ Lavin Has Created for The Challenge: World Championship Finalists
Fraud Plagues Major Solar Subsidy Program in China, Investigation Suggests