ALBANY, New York — Gov. Kathy Hochul on Monday downplayed the potential importance of a cap-and-trade-style pollution pricing program she once championed on a global stage.
The moderate Democratic governor initially embraced the policy in 2023, but she’s been raising cost concerns about it ever since. Now, Hochul is using the specter of a lawsuit she says would force her to implement “cap and invest” to press for changes to New York’s 2019 climate law.
The governor doesn’t appear as supportive now of the program she once touted as a sign of New York’s leadership.
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“That’s one option,” Hochul said when asked Monday whether she remains committed to “cap and invest” as the best way to make progress on her climate goals.
