US Chamber, oil industry sue Vermont over law requiring companies to pay for climate change damage

Vermont is getting sued for its law requiring companies to pay for climate change damage

The U.S. Chamber of Commerce and a top oil and gas industry trade group are suing Vermont over its new law requiring fossil fuel companies pay a share of the damage caused over several decades by climate change. The federal lawsuit filed Monday asks a state court to prevent Vermont from enforcing the law, which was passed last year. Vermont became the first state in the country to enact the law after it suffered catastrophic summer flooding and …

U.S. Chamber, Oil Industry Sue Vermont Over Law Requiring Companies To Pay For Climate Change Damage

The lawsuit argues the U.S. Constitution precludes the act and that the state law is preempted by the federal Clean Air Act.

Vermont sued by US Chamber, oil industry over law requiring companies to pay for climate change damage

Vermont became the first state in the country to enact the law after it suffered catastrophic summer flooding and damage from other extreme weather. The state is working to estimate the cost of climate change dating back to Jan. 1, 1995.

Vermont Sued Over New Law Demanding Retroactive 'Climate Change' Damages From Energy Companies

Business groups are challenging a new state law that demands oil and gas companies help pay for damages tied to greenhouse gas emissions stretching back decades. Key Facts: – Vermont enacted a law making oil and gas companies pay a portion of climate-related costs. – The U.S. Chamber of Commerce and the American Petroleum Institute filed a federal lawsuit. – They say the law violates the U.S. Constitution and conflicts with the federal Clean Air…

US Chamber of Commerce, oil group sue Vermont over law requiring companies to pay for climate change damage

The U.S. Chamber of Commerce and a top oil and gas industry trade group have filed a lawsuit against Vermont over its new law requiring that fossil fuel companies pay for damage the state attributes to climate change.The federal lawsuit, which was filed Monday, urges a state court to block the state from enforcing the law, which was passed by lawmakers last year, according to The Associated Press. The state said it is working to estimate the cos…

The American Petroleum Institute and U.S. Chamber of Commerce Sue Vermont

Last year, the Vermont Legislature wrote and passed a law, S.259, the “Climate Superfund Act.” Its stated purpose is to fiscally fine fossil fuel companies for damage caused by “climate change.” Its actual purpose is to grub about for money to fill holes in mismanaged budges created by big-spending Democrats. I’ve said plenty about how ... Read more Source