Big oil will just take it to thee very conservative Supreme Court which will rule against state's rights to infringe on fossil fuel companies...caltrek wrote: ↑Tue Feb 13, 2024 1:58 am States Consider a New Way to Make Big Oil Pay for the Impacts of Climate Change
by Katie Meyers
February 2, 2024
Introduction:Read more here: https://grist.org/accountability/a-sup ... oil-pay/(Gist) Last July, the normally warm and humid but still pleasant New England summer was disrupted by a series of unusually heavy rain storms. Flash floods broke creek banks and washed away roads, inundating several cities and towns. Vermont and upstate New York in particular saw immense damage. As communities attempted to recover from the havoc, legislators in these states, and several others, asked themselves why taxpayers should have to cover the cost of rebuilding after climate disasters when the fossil fuel industry is at fault.
Vermont is now joining Maryland, Massachusetts, and New York in a multi-state effort to hold Big Oil accountable for the expensive damage wrought by climate change. Bills on the docket in all four states demand that oil companies pay states millions for such impacts by funding, as Vermont’s proposal outlines, energy efficiency retrofits, water utility improvements, solar microgrids, and stormwater drainage, just to name a few resiliency programs.
“There will be no shortage of climate expenses that it would be entirely appropriate for this fund to pay for,” said Ben Edgerly-Walsh, the climate and energy director for the Vermont Public Interest Research Group. “These are not going to be avoidable expenses at the end of the day because of the way the climate crisis is playing out.”
One 2023 poll showed that over 60 percent of voters nationwide support making polluters pay for the consequences of their actions. Should these bills become law, however, they surely face a long road of legal battles before they are implemented. The American Petroleum Institute, which represents some 600 fossil fuel companies, did not respond to a request for comment.
Still, such efforts have a number of precedents. The most obvious is the 1998 settlement that forced Big Tobacco to provide $206 billion over 25 years to underwrite state public health budgets. Another example is the federal Superfund legislation enacted in 1980 that followed a number of toxic spills that drew national attention to hazardous waste dumps. After intensive advocacy by environmental organizations and frontline communities, Congress passed the Comprehensive Environmental Response, Compensation, and Liability Act, or CERCLA, which forced those responsible for these messes to clean them up or pay the government to do so.
Eh maybe I'm wrong, I hope I am, but I've long given up the hope that the billionaire class will ever pay for the evils that they've caused.
