Vermont requires fossil fuel companies to pay for climate change-related flood damages in northeastern businesses.

Following two floods in July, businesses in a struggling economic region of northeastern Vermont continue to suffer, as popular tourist destinations like Kingdom Trails experience extensive damage to roads, bridges, homes, and trails. While some businesses remain closed for repairs, others urge visitors to return despite initial hesitation caused by the floods. Vermont has become the first state to require fossil fuel companies to pay a share of damages caused by extreme weather related to climate change, though collecting funds hinges on successful litigation against the oil industry.

August 20, 2024
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