A Superfund for climate? These states are pushing for it.
The oil and gas industry could be on the hook for billions of dollars as a growing number of states consider making the sector pay for climate impacts such as floods and sea-level rise. At least four states are debating legislation, modeled on the federal Superfund program for contaminated land, that would hold major fossil fuel companies liable for damage caused by the historical emissions of their products. In Vermont, which saw record flooding last year, a majority of the House and a supermajority of the Senate have signed onto the proposal, all but ensuring it will pass. Similar bills have been introduced in New York — where it already has passed the Senate — as well as Massachusetts and Maryland.