Weâre all familiar with the saying, âDonât judge a book by its cover.â Iâve got another one. Donât judge a bill by its title. Often, legislation introduced in Albany has a nice ring to it. But the devil is in the details. Senate bill S.4264A is called the Climate and Community Investment Act. Sounds good, right? Its intent is to accelerate the transition to renewable energy in New York. But how the bill would accomplish that is where it goes very wrong. The legislation would add a carbon tax of $55 per ton on fossil fuel users. During a recent hearing, The Business Council of New York State estimated this would increase the cost of gas by as much as 55 cents per gallon, and increase the cost of residential natural gas by 26 percent. Thatâs thousands of dollars in higher costs for virtually every resident and business in the state.