Gov. Kathy Hochul signed the Climate Change Superfund Act on Thursday, a bill sponsored by Bronx Assembly Member Jeffery Dinowitz (AD-81) that requires fossil fuel companies to help cover the costs of the harmful impacts of climate change.
The law will collect $75 billion over the next 25 years to fund critical infrastructure and climate resiliency projects like coastal wetlands restoration, stormwater system upgrades and energy efficient public buildings.
