Vermont is first state to pass law requiring Big Oil to pay for climate change damage

seekingalpha06-02

Vermont this week became the first U.S. state to pass a law that requires oil and gas companies to pay for climate change-related damage caused by their emissions, a move that is sure to prompt legal ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2440949891?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/517340891/image_517340891.jpg","is_english":true,"pubTime":"2024-06-02 08:25","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2440949891","market":"fut","top_or_hot":-1,"title":"Vermont is first state to pass law requiring Big Oil to pay for climate change damage","media":"seekingalpha","content":"<div>\n<p>Vermont this week became the first U.S. state to pass a law that requires oil and gas companies to pay for climate change-related damage caused by their emissions, a move that is sure to prompt legal ...</p>\n\n<a href=\"https://seekingalpha.com/news/4112115-vermont-is-first-state-to-pass-law-requiring-big-oil-to-pay-for-climate-change-damage\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Vermont is first state to pass law requiring Big Oil to pay for climate change damage</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVermont is first state to pass law requiring Big Oil to pay for climate change damage\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-02 08:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4112115-vermont-is-first-state-to-pass-law-requiring-big-oil-to-pay-for-climate-change-damage><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Vermont this week became the first U.S. state to pass a law that requires oil and gas companies to pay for climate change-related damage caused by their emissions, a move that is sure to prompt legal ...</p>\n\n<a href=\"https://seekingalpha.com/news/4112115-vermont-is-first-state-to-pass-law-requiring-big-oil-to-pay-for-climate-change-damage\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SMOG","symbol_name":"VanEck Low Carbon Energy ETF","start_time":0,"source_url":"https://seekingalpha.com/news/4112115-vermont-is-first-state-to-pass-law-requiring-big-oil-to-pay-for-climate-change-damage","article_id":"2440949891","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/517340891/image_517340891.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2440949891","pubTimestamp":1717287900,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Vermont this week became the first U.S. state to pass a law that requires oil and gas companies to pay for climate change-related damage caused by their emissions, a move that is sure to prompt legal ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SMOG":"VanEck Low Carbon Energy ETF","BK4585":"ETF&股票定投概念","ERTH":"Invesco MSCI Sustainable Future ETF","CNRG":"SPDR S&P Kensho Clean Power ETF","BK4588":"碎股","PBW":"Invesco WilderHill Clean Energy ETF","QCLN":"First Trust NASDAQ Clean Edge Green Energy Index Fund","PBD":"Invesco Global Clean Energy ETF","ACES":"ALPS Clean Energy ETF","ICLN":"iShares S&P Global Clean Energy"},"translate_title":"佛蒙特州是第一个通过法律要求大型石油公司赔偿气候变化损失的州","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ACES":1,"CNRG":1,"ERTH":1,"ICLN":1,"PBD":1,"PBW":1,"QCLN":1,"SMOG":1},"content_text":"Vermont this week became the first U.S. state to pass a law that requires oil and gas companies to pay for climate change-related damage caused by their emissions, a move that is sure to prompt legal challenges from the energy industry. Gov. Phil Scott allowed the bill to become law without his signature late Thursday, citing concerns about the costs and outcome of the small state taking on \"Big Oil\" alone in a long and expensive fight. \"With just $600,000 appropriated by the Legislature to complete an analysis that will need to withstand intense legal scrutiny from a well-funded defense, we are not positioning ourselves for success,\" Scott said in a letter to state lawmakers. But \"I understand the desire to seek funding to mitigate the effects of climate change that has hurt our state in so many ways,\" the governor wrote. The American Petroleum Institute has said it is \"extremely concerned that the [law] retroactively imposes costs and liability on prior activities that were legal, violates equal protection and due process rights by holding companies responsible for the actions of society at large; and is pre-empted by federal law.\" New York, California, Massachusetts and Maryland are considering similar legislation. ETFs: (NYSEARCA:XLE), (ICLN), (QCLN), (PBW), (PBD), (ACES), (CNRG), (ERTH), (SMOG)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2440949891"}