Green groups urge N.Y. leaders to repeal some fossil fuel tax breaks

It would potentially make it the first state to do so at this scale.
The Brooklyn Bridge passes over the carousel at Brooklyn Bridge Park and spans the East River with the New York skyline in the background, Saturday, Oct. 1, 2022. (AP Photo/Julia Nikhinson)

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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