Vermont Makes Big Oil Pay for Climate Change Damage in Landmark Law

The state of Vermont has just enacted a law that would take on oil companies to require them to pay for damage caused by their emissions, in a first such legislation in a U.S. state. The bill, S.259, ‘An act relating to climate change cost recovery,’ became law without the signature of Vermont’s Republican Governor Philip B. Scott.

In this attempt to make Big Oil pay in the polluter-pays model, Vermont could fail and hamper efforts by other states, and add costs for Vermonters and the state, Governor Scott said in a letter to Vermont State lawmakers. “Taking on “Big Oil” should not be taken lightly. And with just $600,000 appropriated by the Legislature to complete an analysis that will need to withstand intense legal scrutiny from a well-funded defense, we are not positioning ourselves for success,” Governor Scott said.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Vermont becomes first state to require oil firms pay for climate change damageMaryland, Massachusetts and New York are considering similar measures.
출처: Glasgow_Times - 🏆 76. / 59 더 많은 것을 읽으십시오 »

Vermont becomes first state to require oil firms pay for climate change damageMaryland, Massachusetts and New York are considering similar measures.
출처: Observer_Owl - 🏆 18. / 72 더 많은 것을 읽으십시오 »

Vermont becomes 1st state to require oil companies pay for damage from climate changeVermont has become the first state to enact a law requiring fossil fuel companies pay a share of the damage caused by climate change after the state suffered…
출처: NECN - 🏆 20. / 71 더 많은 것을 읽으십시오 »