Vermont Passes Law Forcing Energy Companies To Pay Damages For ‘Extreme Weather’
by David Zimmermann 11 hours ago
Vermont on Thursday became the first state to enact a law requiring oil companies to pay for damages caused by extreme weather events, which the bill claims are the direct result of climate change. [emphasis, links added]
The legislation, S.259, will pursue “climate change cost recovery” by establishing a Climate Superfund Cost Recovery Program at the Vermont Agency of Natural Resources.
Under the new law, large oil companies and other entities emitting greenhouse gases into the atmosphere will be made to pay for damage from extreme weather events.
Under the bill, the state will compile a report by 2026 calculating the cost to Vermonters of extreme weather events over the last 30 years.
https://climatechangedispatch.com/vermont-passes-law-forcing-energy-companies-to-pay-damages-for-extreme-weather/
