SC New York News

Senator O'Mara's weekly column, "From the Capitol," for the week of January 6, 2025, focuses on New York's response to affordability. The senator discusses Governor Kathy Hochul's recent actions and their implications for state residents.

In early December, Governor Hochul stated her agenda would be "laser-focused on putting money back in your pockets." However, shortly after, she signed the "Climate Change Superfund Act" into law. This legislation is part of an energy mandate that some believe will have minimal impact on local climate challenges but impose significant costs on consumers and industries in New York.

Upstate United criticized the new climate law as a "misguided move" that neglects practical realities faced by residents. Executive Director Justin Wilcox commented that reliance on fossil fuels remains crucial for upstate New Yorkers. He warned that this decision could lead to lawsuits and further financial burdens for taxpayers.

The Superfund Act aims to collect $3 billion annually from gas and oil companies over 25 years, totaling $75 billion. Supporters argue these companies contributed significantly to greenhouse gas emissions. Opponents contend it targets industries with minimal global responsibility and lacks realistic alternatives for energy needs.

Utility rate increases approved by the Public Service Commission are linked to previous climate legislation requirements. A coalition opposing the Superfund Act urged Governor Hochul to veto it, citing public policy concerns and potential cost increases for households and businesses.

The coalition highlighted past state recognition of fossil fuel benefits for safety and economic strength through initiatives like FUEL NY. They argued penalizing suppliers without viable alternatives contradicts previous efforts to ensure adequate fuel supplies.

Critics claim this approach adds financial penalties to businesses that will ultimately affect consumers, making New York more expensive for living and business operations.

Governor Hochul's promise of affordability seems at odds with recent legislative actions before the new year began.