California Bill Seeks to Hold Oil Companies Liable for Wildfire Damages

Legislation would allow victims and insurers to sue fossil fuel companies, citing their role in climate change and disaster costs.

The Affordable Insurance and Climate Recovery Act, introduced by California Democrats, aims to make oil companies financially accountable for damages linked to climate change, such as wildfires and extreme weather events.
The bill would allow private citizens, insurance companies, and the state-run FAIR Plan to sue oil companies for losses caused by climate-driven disasters.
Proponents argue the legislation addresses the fossil fuel industry's role in exacerbating climate change while stabilizing California's struggling insurance market.
Critics, including industry representatives and some lawmakers, claim the bill deflects blame from state mismanagement and could result in higher gas prices and reduced investment in California's oil sector.
The bill has sparked debate over its legal viability, with opponents questioning the link between emissions and specific disasters and warning of prolonged court battles.