Vermont Becomes First State to Force Oil Companies to Pay for ‘Climate Change’


Vermont’s Republican governor has allowed the state to become the first to require oil companies to pay for “costs associated with climate change” without his signature, pushing the law through despite his hesitation about the policy.

S.259, passed by Gov. Phil Scott (R) on Thursday, will establish a method to assess the responsibility for greenhouse gas-related costs of any entity that was engaged in extracting fossil fuel or refining crude oil between December 31, 2019, and January 1, 2000.

The law will create the Climate Superfund Cost Recovery Program at the Agency of Natural Resources, which will collect the money from the companies and allocate it to “climate change adaptive or resilient infrastructure projects in the state.”












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