Vermont becomes 1st state to enact law requiring oil companies pay for damage from climate change
Vermont becomes 1st state to enact law requiring oil companies pay for damage from climate change
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 catastrophic summer flooding and damage from other extreme weather.
What if every state, or even the federal government, decided to take x% of oil company proceeds, and stick it into a Universal Basic Income, just like Alaska has done?
So gas prices skyrocket in Vermont and primarily the consumer is hurt, right?
Maybe it will encourage public transit. Less driving is good for the planet.
Vermont is mostly rural, with a few small towns. It’s a poster child for there being a few places that will still need cars
Wikipedia says
There are no major urban areas in Vermont, which is not surprising given its small overall population. Vermont has only 9 incorporated cities, and only three of them have a population of more than 10,000. Burlington is the state’s largest city, home to just over 42,000 people