If passed, the groundbreaking measure could be a model for other states to hold fossil fuel companies liableVermont is poised to pass a groundbreaking measure forcing major polluting companies to help pay for damages caused by the climate crisis, in a move being closely watched by other states including New York and California. Modeled after the Environmental Protection Agency’s Superfund program, which forces companies to pay for toxic waste cleanup, the climate superfund bill would charge major fossil fuel companies doing business within the state billions of dollars for their past emissions. The measure would make Vermont the first US state to hold fossil fuel companies liable for their planet-heating pollution.

Source: The Guardian May 10, 2024 08:28 UTC