California's recent wildfires exemplify the severe impacts of climate change, with damages estimated over $250 billion. In response, lawmakers from California and other states advocate for legislation that requires major fossil fuel companies to help fund recovery from climate-related disasters. This movement gained traction after Vermont's pioneering climate Superfund law aimed at holding polluters responsible became law last year. The legislation seeks accountability through attribution science, which links historical emissions with specific climate events, suggesting it is time for fossil fuel companies to pay their share of disaster recovery costs.
The rapid increase in climate disaster costs makes it unsustainable for taxpayers and insurance ratepayers alone to bear the burden without polluters contributing.
Vermont’s climate Superfund law is a pioneering step, utilizing attribution science to hold fossil fuel companies accountable for climate-induced disasters.
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