Vermont Could Become First State To Make Emitters Pay For Climate Damages
Vermont’s House of Representatives has passed S.259, a state bill aimed at collecting recovery costs for climate-related damages from the biggest emitters, such as fossil fuel companies.
The bill, called the Climate Superfund Act, was introduced to create a Climate Superfund Cost Recovery Program, in which fossil fuel businesses would undergo an assessment to determine their share of costs for fossil fuel extraction or refinement actions that led to increased greenhouse gases and related costs in the state.
As reported by NBC News, the agency would measure extreme weather linked to climate change in the state and the cost of damages from extreme weather events through attribution science.