Enacts the "climate accountability and loss recovery act"; allows the attorney general to sue covered entities for costs and assessments from climate.
The Climate Accountability and Loss Recovery Act allows the attorney general to bring civil actions against covered entities for costs and assessments from climate disasters. A covered entity is defined as any person, firm, corporation, company, partnership, society, joint stock company, entity, or association with an aggregate market capitalization or worldwide annual revenue of at least $500 million. The act covers entities engaged in the extraction, production, manufacture, or sale of fossil fuel products and doing business in New York.
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