Vermont has become the first state to enact a law requiring fossil fuel companies to pay a share of the damage caused by climate change after the state suffered catastrophic summer flooding and damage from other extreme weather. Republican Gov. Phil Scott allowed the bill to become law without his signature this week, saying he is very concerned about the costs and outcome of the small state taking on Big Oil alone in what will likely be a grueling legal fight.
The state would use federal data to determine the amount of covered greenhouse gas emissions attributed to a fossil fuel company. It’s a polluter-pays model affecting companies engaged in the trade or business of extracting fossil fuel or refining crude oil attributable to more than 1 billion metric tons of greenhouse gas emissions during the time period.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vermont becomes 1st state to enact law requiring oil companies pay for damage from climate changeVermont has become the first state to enact a law requiring fossil fuel companies to pay a share of the damage caused by climate change after the state suffered catastrophic summer flooding and damage from other extreme weather.
Source: ksatnews - 🏆 442. / 53 Read more »
Vermont becomes 1st state to enact law requiring oil companies pay for damage from climate changeVermont has become the first state to enact a law requiring fossil fuel companies to pay a share of the damage caused by climate change after the state suffered catastrophic summer flooding and damage from other extreme weather.
Source: KPRC2 - 🏆 80. / 68 Read more »
Vermont becomes 1st state to enact law requiring oil companies pay for damage from climate changeVermont has become the first state to enact a law requiring fossil fuel companies to pay a share of the damage caused by climate change after the state suffered catastrophic summer flooding and damage from other extreme weather.
Source: wjxt4 - 🏆 246. / 63 Read more »
Vermont becomes 1st state to require oil companies pay for damage from climate changeVermont has become the first state to enact a law requiring fossil fuel companies to pay a share of the damage caused by climate change after the state
Source: Mynorthwest - 🏆 438. / 53 Read more »
Vermont becomes 1st state to require oil companies pay for damage from climate changeVermont has become the first state to enact a law requiring fossil fuel companies pay a share of the damage caused by climate change after the state suffered catastrophic summer flooding and damage from other extreme weather. Republican Gov. Phil Scott allowed the bill to become law without his signature late Thursday.
Source: AP - 🏆 728. / 51 Read more »
Vermont becomes 1st state to require oil companies pay for damage from climate changeVermont has become the first state to enact a law requiring fossil fuel companies pay a share of the damage caused by climate change after the state suffered catastrophic summer flooding and damage from other extreme weather
Source: sdut - 🏆 5. / 95 Read more »