Posted on 03/20/2023 10:58:27 AM PDT by lowbridge
Gov. Kathy Hochul is moving full-steam-ahead with her predecessor Andrew Cuomo’s insane anti-carbon energy plan, yet the Legislature wants to make it worse.
In their one-house budget bills this week, lawmakers took Hochul’s plan to cap greenhouse-gas output and require companies to buy “allowances” (indulgences?) for emissions and added new requirements of their own.
That’d make it even harder for companies to meet standards, stay under the caps and/or pay for those allowances — more poison for the state’s business climate.
The added costs will also bring higher prices for consumers: added, New York-only “inflation.”
And where Hochul would allow the New York Power Authority to build renewable-energy projects, Senate legislation would force the agency to shut down all its fossil-fuel-burning energy plants and build or buy power only from renewable sources by 2030, just seven years away.
Uh, sorry, but that won’t speed the transition to renewables. As the Empire Center’s James Hanley points out, public agencies have no superpowers to complete projects faster than the private sector. Indeed, NYPA’s boss has testified that his agency lacks the resources to meet the requirements.
Anyway, developing that much renewable energy by then is near-impossible for anyone. Nothing like this renewable capacity is even on the drawing boards.
The Senate also calls for a new “climate-change superfund” to charge fossil-fuel companies an estimated $3 billion, on average, based on their greenhouse-gas emissions in the past. That means more price hikes for average New Yorkers.
Oh, and kiss gas stoves good-bye: Hochul failed to get lawmakers to ban gas hook-ups in new buildings last year, but they now appear on board. The Senate would even move up the starting date to as early as 2025.
(Excerpt) Read more at nypost.com ...
It's a shakedown. She and Cuomo (indeed, the entire Demagogic Party) should be prosecuted under the RICO Act.
It already has the longest official name of any US state. :^)
Don’t blame me, Governor Dinwiddie. I voted for Governor LePetomaine.🤣🤣🤣
I think IBM had one facility in New York, that became Global Foundries.
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