In a historic move, Vermont has become the first US state to pass a law that makes major fossil fuel companies financially responsible for climate change damages.
S.259, “An act relating to climate change cost recovery,” or the Climate Superfund Act, aims to create a new financial mechanism to cover the costs of climate adaptation and mitigation, ensuring that the polluters most responsible for greenhouse gas emissions pay their fair share.
Governor Phil Scott (R-VT) allowed the Climate Superfund Act to become law without his signature. He explained his reason for not signing to lawmakers [via Vermont Public]:
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