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Hochul's polluters pay bill could result in regressive costs for working families: economists

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Hochul's polluters pay bill could result in regressive costs for working families: economists

A New York democratic bill aimed at charging oil and gas companies for pollution could result in regressive costs for working families in the state, energy and economic experts tell Fox News Digital.

New York Gov. Kathy Hochul recently signed the Climate Change Superfund Act, a bill that seeks to charge polluters up to $75 billion for pollution dating from 2000 to 2018. The money will reportedly be used to fund projects rebuilding infrastructure damaged by weather over the years.

While the bill seeks to fine large corporations, some economists say that such actions will result in higher prices for some New Yorkers.

“It’s heartwarming to see Governor Hochul finally acknowledge what energy advocates have long understood: the best way for humanity to thrive is through adaptation to a changing climate. By signing this bill, she’s effectively endorsed that philosophy—though in the most counterproductive way possible,” Jason Isaac, CEO and founder of The American Energy Institute, said in a statement shared with Fox News Digital. 

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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. 

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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.

The sun rises on the skyline of Midtown Manhattan and the Empire State Building in New York City. (Gary Hershorn)

“Whether it’s charging citizens to drive into their own city, banning new gas appliances, or foisting a massive new tax bound to significantly raise the price of energy, hardly a day goes by that New York government doesn’t implement ESG policies that make their citizens’ lives quantifiably worse,” said Consumers’ Research Executive Director Will Hild.

Fox News contributor David Webb said that the bill is “going to cost New Yorkers.”

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“If you’re an energy company, you’re already guilty. They’re just going to decide over the next decade how they’re going to charge you for your guilt,” Webb told “Fox & Friends First,” calling Hochul a “far left governor” that is “bound to this ideology.”

However, proponents praised the legislation for requiring companies to pay for fossil fuel pollution in the state.

“By signing the Climate Change Superfund Act, Gov. Hochul is addressing the financial burden placed on New Yorkers by the fossil fuel companies,” said Richard Schrader, Director of New York Government Affairs at Natural Resources Defense Council, a nonprofit environmental organization. “It’s a key example of what putting fiscal fairness and environmental justice front and center looks like.”

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.

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Vermont remains the only other state to adopt similar pieces of legislation.

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.

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Northeast

Judge reveals earliest potential start times for Luigi Mangione’s federal murder trial

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Judge reveals earliest potential start times for Luigi Mangione’s federal murder trial

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Luigi Mangione returned to court Friday in a bid to have the most serious charges he faces thrown out of his federal case — as supporters gathered outside of the courthouse for a hearing that could determine whether the potential death penalty remains in play.

The motion to drop two of the four federal charges against Mangione, including the most serious, murder through use of a firearm, would eliminate the potential death penalty if granted.

While the judge did not issue a ruling after attorneys presented arguments on both sides of the issue, she did set a tentative timeline for Mangione’s federal trial. No definitive date was set, however.

Judge Margaret Garnett said jury selection could begin in the week of Sept. 8. If it’s a capital case, opening statements would likely be in January 2027. If she grants the defense motion and removes capital charges, opening statements would begin in October.

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Luigi Mangione appears in Manhattan Supreme Court for a suppression hearing as both sides prepare to wrap up arguments on Dec. 18, 2025. (Curtis Means for Daily Mail via Pool)

Earlier this week, federal public defender Paresh Patel joined Mangione’s legal team as a special counsel for the Friday hearing. Patel is a Maryland-based appellate attorney and made the defense’s arguments against the charges in court.

Patel argued that the federal stalking charges against Mangione don’t meet the requirements to justify the more serious charge of murder through use of a firearm because stalking, on its own, isn’t a violent crime. 

Assistant U.S. Attorney Jun Xiang, giving oral arguments on behalf of the prosecution, countered that the victim’s death is an appropriate element to justify the charge.

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An electronic advertising truck in support of Luigi Mangione drives past Federal Court where a suppression hearing is underway, Friday, January 9, 2026. (Rashid Umar Abbasi for Fox News Digital)

UnitedHealthcare CEO Brian Thompson was shot in the back multiple times, on video, by a man prosecutors allege is Mangione.

In one example given by Xiang, he described a gang hit on a house, in which a member tossed a grenade in to kill one person. Additional victims inside died. He argued that the defendant needs to know that his conduct places the victim in fear of reasonable bodily injury.

When the hearing wrapped up around 1:30 p.m., the judge said she would issue a ruling later.

She told the parties to aim for jury selection at the beginning of September, with the trial starting later that fall or early winter, with a January start at the latest.

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An electronic advertising truck in support of Luigi Mangione drives past Federal Court where a suppression hearing is underway, Friday, January 9, 2026. (Rashid Umar Abbasi for Fox News Digital)

Separately, federal prosecutors have rejected “meritless” arguments from accused assassin and former Ivy Leaguer Mangione’s legal team claiming Attorney General Pam Bondi has a conflict of interest and should have recused herself due to prior ties to a lobbying firm, ahead of a key hearing in his federal case.

The defense, in previous filings, has accused Bondi of “prejudice” against the defendant and claimed that her former position as a partner at Ballard Partners, a lobbying firm with ties to UnitedHealthcare, should lead to her recusal.

WATCH: Luigi Mangione supporters arrive before key hearing in assassination case

“When Ms. Bondi left Ballard Partners to become the Attorney General in 2025, the very first defendant she personally selected to be executed was the man accused of killing the CEO of her former client,” defense attorney Karen Friedman Agnifilo wrote in a December filing.

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Prosecutors, however, called her claims “incomplete and misleading.”

Luigi Mangione supporters outside Federal Court in Manhattan, N.Y., January 9, 2026 where a suppression hearing is underway. (Rashid Umar Abbasi for Fox News Digital)

Bondi no longer works there, they wrote, is not being paid by the firm or its clients and was not influenced by any “corporate interests” when the DOJ decided to seek the death penalty against Mangione if he is convicted.

Although his lawyers have dropped their motion to suppress statements he made to police before and after his arrest at a Pennsylvania McDonald’s, the defense is still hoping to suppress damning evidence recovered from Mangione’s backpack without a search warrant.

Luigi Mangione supporters outside Federal Court in Manhattan, N.Y., January 9, 2026 where a suppression hearing is underway. Rashid Umar Abbasi for Fox News Digital (Rashid Umar Abbasi for Fox News Digital)

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Federal prosecutors have countered that the suspected murder weapon and allegedly incriminating journals inside would have inevitably been discovered later — even if Altoona police hadn’t searched it at the scene.

The judge said she did not see the need for an evidentiary hearing that the defense requested on the matter.

UnitedHealthcare CEO Brian Thompson is pictured in an undated portrait provided by UnitedHealth. The executive was shot from behind and killed on his way to an investor conference in New York City in what prosecutors have described as a politically motivated assassination. (AP Photo/UnitedHealth Group via AP)

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Federal prosecutors had opposed the idea of holding one.

Legal experts have said police do not typically need one when they search a bag as part of the arrest process, and prosecutors said everything in the bag would have been inevitably obtained later when they obtained their search warrants.

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A member of the NYPD Crime Scene Unit takes a picture of a shell casing found at the scene where UnitedHealthcare CEO Brian Thompson was shot and killed in Midtown Manhattan in New York City on Dec. 4, 2024. (REUTERS/Shannon Stapleton)

Luigi Mangione pictured in a Pennsylvania booking photo. (Pennsylvania Department of Corrections)

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Surveillance video shows a man approach the 50-year-old Thompson from behind and gun him down outside a Manhattan hotel that was supposed to host a shareholder conference later that morning.

The Minnesota resident was a married father of two.

Fox News’ Brendan McDonald contributed to this report.



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Boston, MA

Red Sox shed light on plans for outfield, including Ceddanne Rafaela’s role

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Red Sox shed light on plans for outfield, including Ceddanne Rafaela’s role


Last year the Red Sox had a unique and enviable problem, which was that at full strength the club had more starting-caliber outfielders than it had available lineup spots.

Injuries kept that from being an issue most of the season, but for some stretches the only way the club could accommodate everyone was by playing Gold Glove center fielder Ceddanne Rafaela at second base.



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Pittsburg, PA

Masontown Borough unanimously votes to reinstate police department

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Masontown Borough unanimously votes to reinstate police department


During an emergency meeting on Saturday night, Masontown borough council voted 6-0 to reinstate its police department after council initially voted on Monday to lay off the entire department, citing budgetary reasons as the leading factor for the decision.



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