Pirate's Cove

Well, while I was at NJ.com for the previous post I ran across this one, which is a hoot divorced from the way the markets act

Who should pay for climate damages: Taxpayers or polluters? | Opinion

Wait, I don’t have global heating on here?

Failing to make hard decisions today often makes tomorrow’s bill much larger.

This was the throughline of Gov. Mikie Sherrill’s recent budget address, and with the costs of climate change increasing every year, state leaders now face a clear test of that principle.

Should New Jersey families continue paying the full cost of worsening floods, extreme heat and severe storms? Or should the world’s largest polluters finally pay their fair share for the damages they created?

The “Polluters Pay to Make New Jersey More Affordable Act” offers a straightforward answer.

The legislation would require the world’s largest fossil fuel companies to help pay to rebuild our infrastructure and make our communities more resilient to climate change. This includes upgrading roads, transit infrastructure, the electric grid, public schools and much more.

Really, the headline should be “Who will actually pay for climate (scam) damages: Taxpayers or polluters?” Not that CO2 and most greenhouse gases are pollution, particularly water vapor, which is the primary GHG.

The world’s largest fossil fuel companies would pay $2.5 billion per year for the next 20 years, providing a steady stream of infrastructure funding at no cost to taxpayers.

Without this funding source, the consequences are clear: Families across New Jersey will continue paying the full cost, even as the federal government has reduced funding for FEMA and disaster aid.

Even if this actually happened, does anyone think the money would go to the NJ residents? Or, would most disappear into the pockets of NGOs and Democrat donors? Be used for other things?

If they could simply pass these costs to consumers at the pump, they wouldn’t be spending millions to fight the bill. They’re fighting it because the money would come from their profits.

But, the costs would be passed on, not too mention the companies limiting and/or ending operations in NJ. They never listen to me, but, the minute the legislation passes, and it will, the companies should stop doing business with the State of NJ government.

Let’s not forget that the state already lost a lawsuit trying to make the fossil fueled companies to pay out the nose, where the judge wrote “Because Plaintiffs seek damages for alleged harms caused by interstate and international emissions and global warming, their claims cannot be governed by state law. Under our federal constitutional system, states cannot use their laws to resolve claims seeking redress for injuries allegedly caused by out-of-state and worldwide emissions.”