Vermont becomes 1st state to require oil companies to pay for climate change damages

  • 📰 NPR
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

The state's Republican governor allowed the bill to become law without his signature. The move comes after the state suffered catastrophic summer flooding and damage from other extreme weather.

The state's Republican governor allowed the bill to become law without his signature. The move comes after the state suffered catastrophic summer flooding and damage from other extreme weather.By A small tractor clears water from a business as flood waters block a street, July 12, 2023, in Barre, Vt.

“I understand the desire to seek funding to mitigate the effects of climate change that has hurt our state in so many ways,” Scott, a moderate Republican in the largely blue state of Vermont, wrote in a letter to lawmakers.The popular governor who recently announced that he's running for reelection to a fifth two-year term, has been at odds with the Democrat-controlled Legislature, which he has called out of balance.

Under the legislation, the Vermont state treasurer, in consultation with the Agency of Natural Resources, would provide a report by Jan. 15, 2026, on the total cost to Vermonters and the state from the emission of greenhouse gases from Jan. 1, 1995, to Dec. 31, 2024. The assessment would look at the effects on public health, natural resources, agriculture, economic development, housing and other areas.

“This punitive new fee represents yet another step in a coordinated campaign to undermine America’s energy advantage and the economic and national security benefits it provides,” spokesman Scott Lauermann said in a statement Friday.

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:

 /  🏆 96. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States 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 require oil companies to pay for climate change damagesThe state's Republican governor allowed the bill to become law without his signature. The move comes after the state suffered catastrophic summer flooding and damage from other extreme weather.
Source: KPBSnews - 🏆 240. / 63 Read more »

Vermont is 1st state with law requiring oil companies pay for climate change damageVermont becomes the first state to enact a law making fossil fuel companies pay share of damage caused by climate change after catastrophic flooding.
Source: latimes - 🏆 11. / 82 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: 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 »