Vermont became the first state to hold oil companies financially liable for climate damages.
The Climate Superfund Act directs the state to charge major fossil fuel companies potentially billions of dollars to pay for climate impacts to which their emissions have contributed.
Unsurprisingly, the law is expected to face legal challenges from the industry.
https://www.theguardian.com/us-news/article/2024/may/31/vermont-oil-companies-climate-superfund-act
#climatechange #climate #Vermont #ClimateintheCourts
‘Game-changing’: Vermont becomes first state to require big oil to pay for climate damages
Climate Superfund Act compels oil companies to pay potentially billions of dollars for climate impacts caused by their emissionsDharna Noor (The Guardian)
