Vermont passes bill to charge fossil fuel companies for damage from climate change
www.nbcnews.com
The legislation — the first of its kind in the U.S. — would require companies with high emissions to help pay for destruction caused by climate-fueled extreme weather.

cross-posted from: https://slrpnk.net/post/9342183

I’ll note that it hasn’t yet been signed by the Republican governor, but it passed the legislature with a margin large enough to override his veto.

  • Nightwingdragon@lemmy.worldEnglish
    33·
    6 months ago

    Vermont legislature passes bill to charge customers of fossil fuel companies for damage from climate change

    Fixed the headline. Any charges will simply be passed on to customers at the pump, along with an extra couple of cents to recoup costs associated with this fee line their pockets.

    Whether or not you’re in favor of at least making somebody pay for the damage from climate change through a bill like this is one thing, but don’t for a second think this will actually impact the oil companies at all. They’ll just tack that on to the cost of gas, along with a couple of extra cents, and probably come out making more money than before.

    If they want to start talking serious money, start taxing gross profits with no way to earn tax breaks or incentives to avoid it.