New Jersey 2024-2025 Regular Session

New Jersey Senate Bill SR17

Introduced
1/9/24  
Introduced
1/13/26  
Refer
1/9/24  

Caption

Urges US Congress to pass "Born-Alive Abortion Survivors Protection Act."

Impact

The resolution seeks to influence state laws indirectly by urging financial institutions to modify their funding practices, particularly towards projects that increase carbon emissions. By appealing to the ethical responsibilities of lenders, this resolution aims to promote a shift in financial support towards sustainable energy projects, thereby contributing to the fight against climate change and positively impacting local economies and communities harmed by fossil fuel exploitation. It highlights specific cases where local populations were adversely affected by such projects, influencing public and governmental responses to these issues.

Summary

Senate Resolution 17 urges lending institutions in New Jersey to cease financing projects that contribute to climate change. The resolution emphasizes the urgent need for financial entities to acknowledge their role in exacerbating global warming through investments in fossil fuels, which release greenhouse gases that lead to severe environmental consequences such as storms, heatwaves, and flooding. The bill points out the significant financial contributions made by major lending institutions to oil, gas, and coal companies, which amounted to $3.8 trillion from 2016 to 2020, despite global efforts to curb greenhouse gas emissions under the Paris Agreement.

Sentiment

The sentiment expressed in the discussions around SR17 largely supports concerns about climate change and environmental justice. There is a growing acknowledgment among legislators and advocates that the health risks and economic disparities faced by communities impacted by climate change demand urgent action. The resolution reflects a proactive stance that resonates with constituents prioritizing environmental protection, while also potentially facing pushback from sectors heavily invested in traditional fossil fuel industries.

Contention

Notable points of contention include the balance between economic development and environmental sustainability, particularly regarding the interests of lending institutions that may resist restrictions on financing fossil fuel projects. Critics of the resolution may argue that limiting funding could hinder economic growth in sectors relying on such resources, while proponents will emphasize the importance of transitioning to sustainable practices that protect both the environment and public health. The resolution serves as a catalyst for broader discussions about the role of finance in addressing the existential threat posed by climate change.

Companion Bills

NJ SR23

Carry Over Urges US Congress to pass "Born-Alive Abortion Survivors Protection Act."

NJ SR15

Carry Over Urges DRPA to create toll discount program for military veterans.

NJ AR163

Carry Over Urges President and Congress to enact legislation granting amnesty and providing path to citizenship for undocumented immigrants.

Previously Filed As

NJ SR17

Urges lending institutions in State to stop financing projects that contribute to climate change.

NJ SB6

Born-Alive Abortion Survivors Protection Act

NJ HB1667

Creates the "Born-Alive Abortion Survivors Protection Act"

NJ HB2294

Creates the "Born-Alive Abortion Survivors Protection Act"

NJ SB1221

Establishes the "Born-Alive Abortion Survivors Protection Act"

NJ SB702

Establishes the "Born-Alive Abortion Survivors Protection Act"

NJ HB195

Creates the "Born-Alive Abortion Survivors Protection Act"

NJ HB1119

Creates the "Born-Alive Abortion Survivors Protection Act"

NJ S499

Establishes "New Jersey Born-Alive Abortion Survivors Protection Act."

NJ A218

Establishes "New Jersey Born-Alive Abortion Survivors Protection Act."

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