Hochul signs bill that will charge oil and gas firms $75B, but critics say customers will really foot the tab

Contributing sentiments towards policy:

51% : "The bill will result in significant assessments for both domestic and foreign energy producers, with Saudi Aramco of Saudi Arabia likely facing the largest charge at $640 million a year, while state-owned Mexican firm Pemex will be looking at a $193 million annual charge.
50% : Critics of the legislation have also noted the potential difficulty in collecting the stipulated assessments from foreign firms.CLICK HERE TO GET THE FOX NEWS APPThe bill is also concerning consumer advocacy groups in light of its implementation in conjunction with other new measures which stand to greatly affect commuters and consumers:"We also note this measure would come on the heels of the reinstatement of congestion pricing in New York City, and in advance of the Environmental Department's pending 'cap and invest' rule, which combined will also impose billions of dollars in new assessments on fossil fuel usage, impacting a wide range of consumers," stated bill opponents.

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