Current:Home > MarketsNew Jersey, home to many oil and gas producers, eyes fees to fight climate change -Capitatum
New Jersey, home to many oil and gas producers, eyes fees to fight climate change
View
Date:2025-04-15 16:49:09
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! (6)
Related
- Bet365 ordered to refund $519K to customers who it paid less than they were entitled on sports bets
- Pope Francis speaks about his health and whether he'd ever retire
- When is Pat Sajak’s last show on ‘Wheel of Fortune’? Release date, where to watch
- Oscar-winning composer of ‘Finding Neverland’ music, Jan A.P. Kaczmarek, dies at age 71
- Plunge Into These Olympic Artistic Swimmers’ Hair and Makeup Secrets
- Confederate monument to ‘faithful slaves’ must be removed, North Carolina residents’ lawsuit says
- 'The Voice' finale: Reba McEntire scores victory with soulful powerhouse Asher HaVon
- Most of passengers from battered Singapore Airlines jetliner arrive in Singapore from Bangkok
- Messi injury update: Ankle 'better every day' but Inter Miami star yet to play Leagues Cup
- Barry Bonds, former manager Jim Leyland part of Pittsburgh Pirates' 2024 Hall of Fame class
Ranking
- 'Meet me at the gate': Watch as widow scatters husband's ashes, BASE jumps into canyon
- How to get a free 6-piece chicken nugget from McDonald's this Wednesday
- Mississippi woman pleads guilty to stealing government funds
- Sites with radioactive material more vulnerable as climate change increases wildfire, flood risks
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Isabella Strahan Details Loss of Appetite Amid 3rd Round of Chemotherapy
- Spain withdraws its ambassador to Argentina over President Milei’s insults, escalating crisis
- Nicaraguan police are monitoring the brother of President Daniel Ortega
Recommendation
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
Jailed Guatemalan journalist to AP: ‘I can defend myself, because I am innocent’
EU reprimands Kosovo’s move to close down Serb bank branches over the use of the dinar currency
Alaska man killed in moose attack was trying to take photos of newborn calves, troopers say
Charges: D'Vontaye Mitchell died after being held down for about 9 minutes
New cars in California could alert drivers for breaking the speed limit
Priyanka Chopra Debuts Bob Haircut to Give Better View of $43 Million Jewels
Red Lobster cheddar bay biscuits still available in stores amid location closures, bankruptcy