NY and Vermont tax energy companies to cover their budget shortfalls. You pay. Nothing "super" about that...
Just the News (6/17/25) reports: "Last year, Vermont and New York passed 'climate superfund' laws, which have levied billions in fines against oil companies for producing legal products over the past few decades. The money extracted from these companies would then go to ameliorate what supporters of these laws say are the damages caused by climate change. Their solution includes billions of dollars in infrastructure projects, disaster relief and renewable energy projects, among other things. Lawmakers in several other blue states are considering such legislation. Critics of these laws say that they’re going to drive up energy costs and discourage much-needed investment in energy infrastructure. And that’s true, they say, whether the laws withstand legal challenges or not. 'We see anti-energy activists who, increasingly frustrated with the progress being made in Washington, have sort of turned to state houses and the courts to advance their agenda,' Tom Pyle, president of the American Energy Alliance, said during a webinar Tuesday on the superfund laws, hosted by the Institute for Energy Research and C3 Solutions... Pyle said, besides increasing costs of energy, which impacts all businesses, the laws could create a patchwork of 'energy liability regimes,' undermining U.S. energy security. 'They don't pay for these things. We do. We pay for it in the form of higher gas prices, higher energy prices,' Pyle said."
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"There is no energy transition so much as energy addition, as new technologies evolve and add to the mix. We now have more oil than when we first discovered uses for it despite the billions of barrels consumed, as techniques of exploration and development continuously improve."
– Tilak Doshi, Substack
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