Vermont mandates that fossil fuel companies pay for climate damages

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Maura Barrett is a correspondent for NBC News.

A new law in Vermont — the first of its kind in the U.S. — will require fossil fuel companies to pay for a share of the costs of weather disasters fueled by climate change. Republican Gov. Phil Scott allowed the bill to become law on Thursday night without his signature, after it passed in the state Legislature with the support of a supermajority of Democrats.

“Finally, the legislative branch of government is saying it’s time to make the world’s biggest polluters pay a fair share of the cleanup costs,” Elena Millay, vice president of the Conservation Law Foundation in Vermont, said in a statement. “Without the Climate Superfund, the costs of climate change falls entirely on taxpayers — and that’s not fair,” said Lauren Hierl, executive director of Vermont Conservation Voters.

 

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Vermont passes bill to charge fossil-fuel companies for climate damagesMaura Barrett is a correspondent for NBC News.
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