Greens are peeved that Gov.Hochul suddenly delayed one poisonous “climate” scheme — but everyone else should be furious that it’s still coming if she manages to win re-election in 2026.Plus, she’s bragging about an equally mad move that follows the same deranged “logic.”Delayed is the “cap and invest” tax on fossil-fuel corporations, which the gov was expected to push in Tuesday’s State of the State address (her press office even confirmed those plans to City Limits Jan.
9).Going full-speed ahead after Hochul signed it into law is the Climate Superfund Act, which will charge fossil-fuel companies $3 billion a year for the next 25 years.A cost they’re guaranteed to pass along to consumers, just as they will with the other tax when the gov finally moves ahead with it.Hochul’s crew says they’re delaying the one tax because it’s too “complicated” to rush, though she first announced plans for it two years ago.The lion’s share of the loot from both taxes is destined to be burned on other green projects, all in pursuit of the suicide pact known as the Climate Leadership and Community Protection Act.That measure pretends New York will cut statewide greenhouse-gas emissions by 85% by 2050.
In fact, the state’s already years behind on meeting even its interim 2030 goals — but it’s burning tens of billions of dollars, sending energy prices soaring and disastrously undermining its reliable-energy capacity in pursuit of its impossible green goals.Eventually, state leaders will wake up and quit chasing the impossible; maybe Hochul kicking the can on the “cap” tax is a sign that day is getting closer.But for now she’s selling the Superfund as “taxing corporations,” even though it simply adds to the cost of doing business in New York, a cost they will either pass on to customers or avoid by leaving the state.Plus, she signed that last month, before she’d decided the theme of her State of the State would be her newfound focus ...