Overview

• Governor Phil Scott allowed the bill to pass without his signature, citing concerns over logistics and legal challenges.
• The law aims to recover costs from companies responsible for over 1 billion metric tons of emissions from 1995 to 2024.
• Funds collected will be used for climate resilience and infrastructure projects in Vermont.
• Experts predict the law will face significant legal challenges, particularly from the fossil fuel industry.
• Other states like New York and Massachusetts are considering similar legislation.