"The Business Council is certainly disappointed with the so-called “climate superfund” bill, which will impose “punitive” assessments against businesses that produced fuels that were vital to the support of New York’s households, businesses, and overall economy for the past several decades. Despite the sponsor’s mantra of “polluter pays,” the bill’s liability standard is substantially different than that outlined in its namesake hazardous waste “superfund” laws. We recognize the importance of responding to global climate change and have been working with state officials to develop effective, workable approaches. However, we expect this legislation to be subject to protracted litigation. Given its potential legal challenges, costs, and discriminatory nature, we continue to see it as a bad policy for New York State."