Current:Home > reviewsNew Jersey, home to many oil and gas producers, eyes fees to fight climate change -AssetTrainer
New Jersey, home to many oil and gas producers, eyes fees to fight climate change
View
Date:2025-04-18 10:30:34
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! (242)
Related
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Logan Paul's Company Prime Defends Its Energy Drink Amid Backlash
- Destroying ‘Forever Chemicals’ is a Technological Race that Could Become a Multibillion-dollar Industry
- What Denmark’s North Sea Coast Can Teach Us About the Virtues of Respecting the Planet
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Wildfire Smoke May Worsen Extreme Blazes Near Some Coasts, According to New Research
- Why Saving the Whales Means Saving Ourselves
- How artificial intelligence is helping ALS patients preserve their voices
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- California Activists Redouble Efforts to Hold the Oil Industry Accountable on Neighborhood Drilling
Ranking
- Intel's stock did something it hasn't done since 2022
- Tiffany Chen Shares How Partner Robert De Niro Supported Her Amid Bell's Palsy Diagnosis
- Illinois Launches Long-Awaited Job-Training Programs in the Clean Energy and Construction Sectors
- From Gas Wells to Rubber Ducks to Incineration, the Plastics Lifecycle Causes ‘Horrific Harm’ to the Planet and People, Report Shows
- Meta donates $1 million to Trump’s inauguration fund
- Matt Damon Shares How Wife Luciana Helped Him Through Depression
- Meghan King Reveals Wedding Gift President Joe Biden Gave Her and Ex Cuffe Biden Owens
- Megan Fox Covers Up Intimate Brian Austin Green Tattoo
Recommendation
Why members of two of EPA's influential science advisory committees were let go
Look Out, California: One of the Country’s Largest Solar Arrays is Taking Shape in… Illinois?
Will Smith, Glenn Close and other celebs support for Jamie Foxx after he speaks out on medical condition
These 28 Top-Rated Self-Care Products With Thousands of 5-Star Reviews Are Discounted for Prime Day
Biden administration makes final diplomatic push for stability across a turbulent Mideast
Can the New High Seas Treaty Help Limit Global Warming?
Coast Guard searching for Carnival cruise ship passenger who went overboard
Environmental Advocates Protest Outside EPA Headquarters Over the Slow Pace of New Climate and Clean Air Regulations