Vermont Makes History: First State Mandates Fossil Fuel Companies Pay for Climate Damages

In a historic decision by Vermont, the first U.S. state to do so, it would be a significant achievement for policymakers if successfully implemented. The state experienced its worst flood in July last year since 1923, profoundly affecting the daily lives of its residents. The damaged infrastructure, concerns over rising greenhouse gas emissions, and frequent climate disasters prompted Governor Phil Scott to adopt a ‘polluter pays’ policy. However, implementing this policy faces challenges, as major oil companies have begun to oppose it in the name of economic development. more

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