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Vermont passes bill to charge fossil fuel companies for damage from climate change
Vermont lawmakers passed a bill this week that is designed to make big fossil fuel companies pay for damage from weather disasters fueled by climate change. The legislation is modeled after the Environmental Protection Agency’s superfund program, which requires the companies responsible for environmental contamination to either clean sites up themselves or reimburse the government for the costs of work to do so. Vermont’s bill, referred to as its Climate Superfund Act, would similarly mandate...
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Global banks have spent $6.9 trillion on fossil fuels since 2016: report
U.S. banks accounted for 30% of the $705 billion private global banks spent on fossil fuel financing in 2023, per the Banking on Climate Chaos report.
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Report: Since Paris, banks have channeled $6.9 trillion to fossil fuel firms
This story was originally published by the Guardian and is reproduced here as part of the Climate Desk collaboration. The world’s big banks have handed nearly $7 trillion in funding to the fossil fuel industry since the Paris agreement on carbon emissions, according to research. In 2016, after talks in Paris, 196 countries signed an agreement to limit global heating as […]