1 week ago
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Vermont's new bill holds high-emission companies accountable for climate-related damages.
Maura Barrett and Lucas Thompson report for NBC News.
In short:
- Vermont's Climate Superfund Act requires companies like oil giants to pay for climate change-related damages.
- Payments will be calculated based on each company's emissions from 1995 to 2024 and the impact of those emissions on Vermont's extreme weather.
- The funds collected will be used to enhance infrastructure, weatherproof public buildings, and address health impacts of climate change.
Key quote:
"We’re able to say very clearly, ‘We would not be experiencing these intense global temperatures without human-caused climate change and the history of carbon pollution.’"
— Andrew Pershing, vice president for science at Climate Central
Why this matters:
This law links financial accountability to scientific research on climate impact, potentially setting a precedent for other states. It addresses not just environmental but also public health challenges, offering a model for proactive climate adaptation and mitigation. Read more: "We just can’t quit fossil fuels, can we?"
