Vermont passed legislation to make oil companies pay for climate change damages. Since the Left attributes everything to climate change, it makes it impossible for oil companies to survive.
Vermont’s bill penalizes oil companies for extracting and producing oil.
The popular governor unexpectedly let it through.
The Associated Press
Under the legislation, the Vermont state treasurer, in consultation with the Agency of Natural Resources, would provide a report by Jan. 15, 2026, on the total cost to Vermonters and the state from the emission of greenhouse gases from Jan. 1, 1995, to Dec. 31, 2024. The assessment would look at the effects on public health, natural resources, agriculture, economic development, housing, and other areas. The state would use federal data to determine the amount of covered greenhouse gas emissions attributed to a fossil fuel company.
It’s a polluter-pays model affecting companies engaged in the trade or business of extracting fossil fuel or refining crude oil attributable to more than 1 billion metric tons of greenhouse gas emissions during the time period.
This is madness. They want to penalize based on the emission of greenhouse gases, which are necessary for existence. How will they separate oil companies from farms, cars, buses, trains, and government greenhouse gases?
Hopefully, oil companies will raise prices astronomically just for Vermont.
Oil, coal, and gas have raised our standard of living to what it is more than any other development in our history.
Our existence on this planet, i.e. inventions, conveniences, food production, transportation, et-al, are 100% dependent on oil and electricity. Take away either one and society will begin to return to the 17th Century.
They must have figured out how to heat their homes with snow…….
Beyond stupid.
“Hopefully, oil companies will raise prices astronomically just for Vermont.” No, make it clear they will not do business in a state of confusion called Vermont. If the land of Bernie Sanders and other flakes want to blame oil companies for the non existent climate change so they can tap their deep pockets, I believe oil companies should be proactive… Read more »
Here is a tiny portion of what is made from Petrol, there are actually THOUSANDS of things made from petrol. People who hate petrol are either very under informed or too evil to care. Bicycle Tires Sports Car Bodies Nail Polish Fishing lures Dresses Golf Bags Perfumes Cassettes Dishwasher parts Tool Boxes Shoe Polish Motorcycle Helmet Caulking Petroleum Jelly Transparent… Read more »
You nailed it with your comment. I wonder how many useful idiots actually know what petroleum is used for, besides gasoline?
Thank you . they don t even know their electric car is made mainly from plastic and other things derived from Petrol. that solar panels and wind mills also are made with many things from petrol. they don t know that to dig for the minerals necessary for Electric cars, rechargeable batteries, wind mills and solar panels machinery running on… Read more »