Henry VIII accused the Catholic monasteries in England of corruption, shut them down, stole their money – and kept it for himself and his friends.
“New York to fine fossil fuel companies $75 billion under new climate law”
New York to fine fossil fuel companies $75 billion under new climate law | Reuters
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So, all fossil fuel companies should refuse to sell any / all their product into New York until they get immunity from prosecution … let’s see how the population reacts !!!
How can it be legal to retroactively fine companies for activities done before the law was passed?
Second, only a fool believes the companies will absorb the fines out of future profits and not pass the cost on to their customers?