Blue States Find Another Climate Racket To Squeeze Energy Companies, Raise Prices
by Nick Pope 1 hour ago
Vermont enacted a law Friday that will require energy companies to pay huge sums to cover costs purportedly driven by climate change — and several other states may be following suit. [emphasis, links added]
Republican Vermont Gov. Phil Scott allowed his state’s climate “superfund” bill to become law Friday without his signature, obligating energy producers that emitted more than one billion tons of greenhouse gases since 1995 to pay into a “superfund” that would be tapped to pay for disasters purportedly caused or exacerbated by climate change, according to NBC News.
The new law is likely to become the subject of a legal battle with the energy industry, and some blue states — including New York and Massachusetts — are looking to pass similar bills shortly.
https://climatechangedispatch.com/blue-states-find-another-climate-racket-to-squeeze-energy-companies-raise-prices/
