Vermont passes bill to charge fossil fuel companies for damage from climate change
www.nbcnews.com
The legislation — the first of its kind in the U.S. — would require companies with high emissions to help pay for destruction caused by climate-fueled extreme weather.

cross-posted from: https://slrpnk.net/post/9342183

I’ll note that it hasn’t yet been signed by the Republican governor, but it passed the legislature with a margin large enough to override his veto.

  • tatterdemalion@programming.dev
    14·
    7 months ago

    Sounds like Vermont gas prices are going up. That’s what happened in Seattle when similar legislation was passed.

    EDIT: Just to be clear, I wasn’t making any value judgements in my original comment. Of course it’s not fun to pay more for gas, though I’m happy to do it if the money actually goes to green energy initiatives. Maybe it’s obvious to some people, but it seems somewhat deceptive to say that oil companies would be punished when really it is just a cost passed on to the consumer. This legislation won’t affect profits.