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New York's Landmark Decision to Fine Fossil Fuel Companies: A $75 Billion Initiative

In a significant move against fossil fuel companies, New York is set to impose a remarkable $75 billion fine over the next 25 years. This decision comes as part of Governor Kathy Hochul's newly signed law, aiming to hold fossil fuel companies accountable for the climatic damages caused by their operations. This initiative is seen as a step toward shifting the financial burden of climate change recovery from taxpayers to the companies most responsible for greenhouse gas emissions.