Despite backlash, more states are considering laws to make Big Oil pay for climate change

States press Big Oil to pay for climate damage as legal battles mount

As climate disasters drain public funds, lawmakers in 11 states are pushing to make fossil fuel companies pay for their share of the damage, despite fierce opposition from industry and federal officials.Akielly Hu reports for Grist.In short:Vermont and New York have enacted laws requiring oil companies to cover climate-related costs based on their historic emissions, while Maryland passed a bill to study the feasibility of such a program.The Bid…

11 States Are Eyeing Laws to Make Fossil Fuel Industry Pay for Climate Crisis

As climate disasters strain state budgets, a growing number of lawmakers want fossil fuel companies to pay for damages caused by their greenhouse gas emissions. Last May, Vermont became the first state to pass a climate Superfund law. The concept is modeled after the 1980 federal Superfund law, which holds companies responsible for the costs of cleaning up their hazardous waste spills. Source

Despite backlash, more states are considering laws to make Big Oil pay for climate change

As climate disasters strain state budgets, a growing number of lawmakers want fossil fuel companies to pay for damages caused by their greenhouse gas emissions. Last May, Vermont became the first state to pass a climate Superfund law. The concept is modeled after the 1980 federal Superfund law, which holds companies responsible for the costs of cleaning up their hazardous waste spills. The state-level climate version requires major oil and gas c…

The Amazon vs. Big Oil: Why Petroperú’s Latest Defeat Matters Globally

"Petroperú’s decision to cancel the tender for Block 64 is a great relief. However, we remain vigilant, knowing that it will likely continue seeking investors to exploit this block." The post The Amazon vs. Big Oil: Why Petroperú’s Latest Defeat Matters Globally first appeared on Amazon Watch.