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 sufferedHe wrote in his message to lawmakers that “taking on ‘Big Oil’ should not be taken lightly” and that he is concerned about the costs and outcomes. He said he worries that if the state fails in this legal challenge “it will set precedent and hamper other states’ ability to recover damages.
Vermont legislators know that the law will face legal challenges, and the governor worries about costs to the small state. “I believe we have a solid legal case. Most importantly, the stakes are too high – and the costs too steep for Vermonters – to release corporations that caused the mess from their obligation to help clean it up,” he said.
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Vermont becomes 1st state to require oil companies pay for damage from climate changeMONTPELIER, Vt. (AP) — Vermont 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.
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Vermont becomes 1st state to require oil companies pay for damage from climate changeMONTPELIER, Vt. (AP) — Vermont 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.
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