Last year, the Vermont legislature passed the Climate Superfund Act, requiring Big Oil to compensate Vermont for the enormous costs the climate crisis is causing our state.
Now, the work of implementing that law is underway. The first step is for the Treasurer's office to conduct an assessment of the cost to Vermont of climate-related damages and investments in climate resilience and response, so that we know just how much to bill Big Oil for.
For the Climate Superfund to succeed, this critical work must be funded. The State Senate is considering that funding now, and the budget will be back in the House soon – please urge your senators and reps to support funding to implement the Climate Superfund Act.
The full request between the Treasurer's office and the Agency of Natural Resources (which is supporting the Treasurer's work, and is responsible for some aspects of the law's implementation itself) is $1.5 million. Significant work to implement the law could be done for less than that full amount though, and we're not asking you to request any specific dollar figure – just that your senators and reps support funding for the law in the budget.
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