States Sue to Block New York Law Targeting Fossil Fuel Companies
The Greatest Forced Fund Raiser In The History Of Mankind.
The Climate Change Super Fund Act
(Bill #502129B): A Critical Examination
By: Victor Furman
My name is Victor Furman, and for nearly two decades, I have been deeply involved in political advocacy and community activism. I served as a Field Director for the Joint Landowners Coalition of NY (JLCNY) and even ran for the New York State Assembly. My journey into advocacy began when I attended numerous upstate town board meetings, eventually leading me to speak at a pro-natural gas rally in Lynbrook, Long Island. My firm stance on energy policy is simple: “Drill Baby Drill” (DBD).
I didn’t set out to be an activist. My eyes were opened when I received a questionnaire from NYRAD, a so-called citizens’ group against drilling. The document was filled with misinformation, and I knew I had to dig deeper. Over time, I’ve written extensively—without compensation—for Natural Gas Now (Tom Shepstone), Marcellus News (Jim Willis), and numerous national newspapers. My testimony has been heard at legislative board meetings in Albany, NY, and Encon Hearings in Pennsylvania. I believe my experience and dedication give me a unique perspective on energy policy.
Now, let’s talk about Bill #502129B, the Climate Change Super Fund Act. This bill establishes a
climate
change adaptation cost recovery program, which essentially forces corporations—particularly those in the energy sector—to fund infrastructure investments designed to combat
climate
change. While the bill may seem noble on the surface, the reality is that it punishes the very industries that have powered America’s economic growth and technological advancement.
The bill mandates that corporations deemed responsible for significant greenhouse gas emissions share the cost of
climate adaptation efforts, including:
- Upgrades to infrastructure to withstand extreme weather events.
- Coastal defenses against rising sea levels.
- Reinforced public utilities for climate resilience.
Additionally, the bill introduces stringent prevailing wage requirements, ensuring that all labor on funded projects meets union wage standards. It also mandates that structural iron and steel used in these projects be sourced from within the United States, its territories, or possessions.
On the surface, these provisions might seem beneficial. However, as someone who has spent years advocating for affordable energy and energy independence, I see major flaws in this legislation.
First, the premise of this bill assumes that corporations alone are responsible for
climate change, ignoring the undeniable fact that the Earth’s
climate has been changing for millions of years. A single volcanic eruption can spew more pollutants into the atmosphere than the entire Industrial Revolution, yet we do not see governments imposing taxes on volcanoes. The idea that taxing and penalizing corporations will somehow stop
climate change is fundamentally flawed. Second, billions of dollars in taxes, subsidies, and grants have been funneled into
climate initiatives, yet
climate change persists. The government has a long history of contradictory
climate predictions, from warnings of an impending Ice Age to fears of catastrophic warming. The reality is that humans adapt—not through taxation, but through technological innovation and responsible policy-making. Finally, fossil fuels remain a cornerstone of economic stability. They keep our cars moving, our homes warm in winter, and our businesses running. Yet, this bill places a heavy financial burden on the very industries that sustain modern life. Instead of penalizing energy producers, we should focus on balanced, market-driven solutions that support both environmental stewardship and economic prosperity.
This bill, like many before it, is another government-led financial redistribution scheme masquerading as
climate action. It won’t stop
climate change, but it will make energy more expensive, stifle innovation, and place unnecessary burdens on American industries and workers. The real solution lies not in overregulation and taxation but in incentivizing clean energy advancements while maintaining a realistic approach to economic growth.
I have spent nearly two decades fighting for affordable energy and American fuel independence. If there’s one thing I’ve learned, it’s that government intervention rarely produces the desired results. The answer to
climate adaptation isn’t another tax on industry—it’s policy that fosters innovation without crippling the economy.
And that is why I stand against Bill #502129B
