New Jersey Dems Target Big Oil With $50 Billion “Recovery Payments” As Corporate Exodus Continues

New Jersey Democrats Advance $50 Billion ‘Polluters Pay’ Climate Bill

The proposal would require major fossil fuel companies to fund climate resilience projects across New Jersey through $50 billion in cost recovery payments over two decades.

TRENTON, N.J. — As Exxon and other ‘Big Oil” companies are fleeing the Garden State, a New Jersey Assembly committee has advanced legislation that would require those fossil fuel companies to pay a combined $50 billion to help finance climate adaptatio...