Hochul Wants a Climate Reprieve

As utility costs soar in New York, she seeks a delay in cap-and-tax

WSJ editorial. Excerpts:

"the Democratic Governor is seeking to walk back her state’s climate mandates"

She wants to "postpone implementation of the state’s cap-and-tax program and CO2 emissions cuts"

which "could increase upstate utility bills by about $4,000 a year and gasoline prices by $2.23 a gallon."

"Manufacturers would have to adopt costly, immature technologies like carbon capture. Gas power plants would be required to shut down prematurely in favor of higher-cost offshore wind and batteries."

"The average winter gas bill for New York City’s National Grid utility customers jumped 25% this year"

"Pipeline constraints have limited supply."

"gas and nuclear plants have been forced to close."