Vermont passed a first-of-its-kind law requiring energy companies to pay for part of the damages from extreme weather events, but the law likely will face legal challenges.
As Barre City rebuilds from last year's floods, leaders weigh federal buyouts and finding space for new housing vermontbiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vermontbiz.com Daily Mail and Mail on Sunday newspapers.
Assuming Vermont is able to recover funds from companies, the money will be put into a superfund aimed at developing climate change-resilient infrastructure.
Vermont has become the first state to enact a law requiring fossil fuel companies to pay a share of the damage caused by climate change after the state suffered
Vermont enacts S.259 legislation addressing climate change cost recovery to become law entitled the Climate Superfund Act, following Vermont v. Exxon Mobil Corp.