Texas Attorney General Ken Paxton and a coalition of 21 attorneys general have filed a federal lawsuit challenging New York's new law that would force fossil-fuel companies to pay billions for emitting greenhouse gas. (Credit: Parradee/Adobe Stock)

New York passed a law in December 2024 called the Climate Change Superfund Act, which seeks to recover $75 billion from fossil fuel energy providers who emitted greenhouse gas in New York from 2000 to 2018.

Some experts predict similar litigation against other states.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.