Push to end New York’s subsidies to fossil fuelers with surging profits
New York state legislators and climate activists are urging Governor Kathy Hochul to repeal an estimated $350 million in annual fossil fuel subsidies, citing the industry’s global profits and the state’s cost of living as justification.
ALBANY, N.Y. (NEXSTAR) — New York State lawmakers voted Monday to end a long-standing policy that made all gas customers pay for new gas line connections. The Assembly passed A8888, already approved by the Senate last week with S8417, which is supposed to save current utility ratepayers some $200 million…
SACRAMENTO, Calif. (AP) — California energy regulators Friday put the brakes on plans requiring oil companies to pay a penalty if their profits climb too high, a temporary win for the fossil fuel industry two years after the governor declared the state had “finally beat big oil.” The postponement by…
HENDERSON, Ky. (WEHT) - U.S. Senator Rand Paul introduced the "End Taxpayer Subsidies for Electric Vehicles Act." The End Taxpayer Subsidies for Electric Vehicles Act would eliminate government subsidies, allowing the electric vehicle (EV) market to compete on a "level playing field" while allegedly saving taxpayers billions of dollars. “For too long, the federal…