Democrats in the New Jersey state legislature and their activist allies continue to move full speed ahead with their climate superfund legislation that would target the American energy industry with a $50 billion retroactive tax for historical emissions and are completely disregarding how this would raise costs for their constituents.

Last Thursday, the New Jersey General Assembly’s Environment and Solid Waste Committee voted 4-2 to advance the “Polluters Pay to Make New Jersey More Affordable Act,” and on Monday, the Senate Budget and Appropriations Committee subsequently voted 3-2 to advance the companion bill.

During the General Assembly hearing, Committee Chairman Rhavi Bhalla (D) responded to the warning that the bill would destroy New Jersey’s oil and gas industry by defiantly stating:

“Good…we don’t want those jobs.”

Read more on EID Climate.