Establishes a climate change adaptation cost recovery program to fund climate change adaptive infrastructure projects.

New York S00824 establishes a climate change adaptation cost recovery program to fund climate change adaptive infrastructure projects. The program imposes strict liability on responsible parties based on their historic greenhouse gas emissions from fossil fuel extraction and refining. Funds are collected through cost recovery demands and allocated to projects benefiting disadvantaged communities. The bill also amends labor law to require labor peace agreements for certain projects and modifies tax law to allow disclosure of certain data from fossil fuel businesses.

Establishes a climate change adaptation cost recovery program to fund climate change adaptive infrastructure projects.

New York S00824 establishes a climate change adaptation cost recovery program to fund climate change adaptive infrastructure projects. The program imposes strict liability on responsible parties based on their historic greenhouse gas emissions from fossil fuel extraction and refining. Funds are collected through cost recovery demands and allocated to projects benefiting disadvantaged communities. The bill also amends labor law to require labor peace agreements for certain projects and modifies tax law to allow disclosure of certain data from fossil fuel businesses.