More than 150 environmental groups are urging New York Gov. Kathy Hochul (D) and Assembly Speaker Carl Heastie (D) to include a bill in the budget that would repeal a series of tax breaks for the fossil fuel industry, potentially making it the first state to do so at this scale.
The Stop Climate Polluters Handout Act would ax about $265 million worth of tax breaks provided to the industry, including incentives that support research and development, tax breaks for oil and gas used to operate fracked gas infrastructure, and subsidies for airline and shipping bunker fuel.
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