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Keyword: climatesuperfund

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  • Vermont lawmakers want fossil fuel companies to pay for damages caused by weather events: 'Climate Superfund'

    04/04/2024 5:45:54 PM PDT · by Twotone · 40 replies
    The Blaze ^ | April 3, 2024 | Candace Hathaway
    The Vermont Senate voted 21-5 on Friday to advance the Climate Superfund Act, which would force fossil fuel companies to pay into a fund covering weather event-related damages. If passed into law, Senate Bill 259 would create a "Climate Superfund Cost Recovery Program" to finance "climate change adaptive or resilience infrastructure projects" in Vermont. "Under the Program, an entity or a successor in interest to an entity that was engaged in the trade or business of extracting fossil fuel or refining crude oil between January 1, 2000 and December 31, 2019 would be assessed a cost recovery demand for the...