))
NY Focus: Hidden Subsidies Prop Up New York’s Fossil Fuel Industry
Manage episode 401120642 series 3460692
Content provided by WJFF Radio Catskill and Patricio Robayo. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by WJFF Radio Catskill and Patricio Robayo or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
New York state wants to phase out fossil fuels. Localities have given over a billion dollars in tax breaks to help keep them around.
Across the state, IDAs enter into payment-in-lieu-of-tax agreements, or pilots, with businesses, exempting the corporations from property taxes in exchange for a lower annual payment to the town, county, and school district and the promise of job creation.
And these little-known local authorities are quietly shaping the economics of the energy transition, in some cases threatening to undermine the state’s climate goals.
Jason Dole spoke with New York Focus reporter Julia Rock.
154 episodes
Share
