New York Gov. Kathy Hochul signed a bill to charge "polluters" for climate change. (John Lamparski)
"Instead of incentivizing innovation, this legislation piles billions in new costs onto energy producers, punishing the very industry that keeps the light and heat on for New Yorkers," Isaac continued. "The real tragedy here isn’t just the higher energy costs for working families; it’s watching businesses and residents flee a state that refuses to adapt its own bloated policies to economic reality."
"The result will be higher energy costs for households, families, and small businesses in one of the most expensive states to live in the country," Trisha Curtis, economist at the American Energy Institute, said. "With no plan to address the broader economic consequences, this law will drive people, businesses, and state revenue out of New York and into other more competitive states."
O.H. Skinner is the executive director of the Alliance for Consumers, a Phoenix-based nonprofit committed to ensuring consumer protection efforts, class action lawsuits, and attorney general enforcement actions are consistent with the rule of law. He is also a member of the Washington, D.C.-based Federalist Society.
FIVE WAYS TRUMP COULD DISMANTLE BIDEN'S CLIMATE AGENDA
Skinner called the bill "the latest attempt by left-wing politicians in New York to drive reliable energy production out of existence and force everyone to abide by their preferred Progressive Lifestyle Choices."
"This policy will do nothing except raise energy prices for hardworking Americans and decrease our standard of living, while progressive elites pat themselves on the back for punishing disfavored industries," Skinner told Fox.
Gov. Kathy Hochul is up for re-election in 2026. (Lev Radin/Pacific Press/LightRocket)
In total, 38 firms reportedly deemed carbon polluters will be on the hook, such as American oil giants Exxon and Chevron, as well as the UK's Shell and BP.
Vermont remains the only other state to adopt similar pieces of legislation.
CLICK HERE TO GET THE FOX NEWS APP
The bill comes just weeks after Hochul rolled out a plan to offer payments of up to $840 to New York residents who switch out their washing machines for a green alternative.
Aubrie Spady is a Writer for Fox News Digital.
https://www.foxnews.com/politics/hochuls-polluters-pay-bill-regressive-costs-working-families-economists