The U.S. Chamber of Commerce and a top oil and gas industry trade group have filed a lawsuit against Vermont over its new law requiring that fossil fuel companies pay for damage the state attributes to climate change. The federal lawsuit, which was filed Monday, urges a state court to block the state from enforcing the law, which was passed by lawmakers last year, according to The Associated Press. The state said it is working to estimate the cost of climate change dating back to 1995.
The law in Vermont captured interest from other states, including New York, where a similar bill was signed into law last month. The New York law requires companies responsible for substantial greenhouse gas emissions to pay into a state fund for infrastructure projects to repair or prevent future damage from climate change, and the biggest emitters of greenhouse gases between 2000 and 2018 would face fines.
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US Chamber, oil industry sue Vermont over law requiring companies to pay for climate change damageThe U.S. Chamber of Commerce and an oil industry trade group are suing Vermont over its new law requiring that fossil fuel companies pay a share of the damage caused by climate change. The federal lawsuit filed Monday asks a court to prevent the state from enforcing the law.
Herkunft: AP - 🏆 728. / 51 Weiterlesen »
US Chamber, oil industry sue Vermont over law requiring companies to pay for climate change damageThe U.S. Chamber of Commerce and an oil industry trade group are suing Vermont over its new law requiring that fossil fuel companies pay a share of the damage caused by climate change.
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Fossil Fuel Companies Sue Vermont Over Climate Superfund LawVermont's new law imposes a fee on fossil fuel companies to fund infrastructure projects aimed at addressing climate change. The American Petroleum Institute and U.S. Chamber of Commerce filed a federal lawsuit challenging the law, arguing it is unconstitutional and violates the Clean Air Act. They claim the law exceeds Vermont's authority and unfairly targets companies based in other states.
Herkunft: dcexaminer - 🏆 6. / 94 Weiterlesen »