Vermont becomes first U.S. state to require oil companies to pay for climate change damages
Vermont has enacted a law requiring fossil fuel companies to pay a share of the damage caused by climate change after the state suffered catastrophic summer flooding and damage from other extreme weather. The funds could be used for upgrading stormwater drainage systems; upgrading roads, bridges and railroads; relocating, elevating or retrofitting sewage treatment plants; and making energy-efficient weatherization upgrades to public and private buildings.
