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 companies to pay for climate-related disaster and adaptation costs, based on their share of global greenhouse gas emissions over the past few decades. Vermont’s law passed after the state experienced torrential flooding in 2023. In December, New York became the second state to pass such a law.
This year, 11 states, from California to Maine, have introduced their own climate Superfund bills. Momentum is growing even as …