Vermont becomes 1st state to enact law requiring oil companies pay for damage from climate change ...Middle East

Vermont has become the first state to enact a law requiring fossil fuel companies to pay a share of the damage caused by climate change after the state suffered catastrophic summer flooding and damage from other extreme weather. Republican Gov. Phil Scott allowed the bill to become law without his signature late Thursday. He wrote in his message to lawmakers that “taking on ‘Big Oil’ should not be taken lightly” and that he is concerned about the costs and outcomes. He said he worries that if the state fails in this legal challenge “it will set precedent and hamper other states’ ability to recover damages.” Maryland, Massachusetts and New York are considering similar measures. Under the legi

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Vermont becomes 1st state to enact law requiring oil companies pay for damage from climate change ...Middle East

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