Vermont legislature passes bill to charge customers of fossil fuel companies for damage from climate change
Fixed the headline. Any charges will simply be passed on to customers at the pump, along with an extra couple of cents to recoup costs associated with this fee line their pockets.
Whether or not you’re in favor of at least making somebody pay for the damage from climate change through a bill like this is one thing, but don’t for a second think this will actually impact the oil companies at all. They’ll just tack that on to the cost of gas, along with a couple of extra cents, and probably come out making more money than before.
If they want to start talking serious money, start taxing gross profits with no way to earn tax breaks or incentives to avoid it.
Sounds like Vermont gas prices are going up. That’s what happened in Seattle when similar legislation was passed.
EDIT: Just to be clear, I wasn’t making any value judgements in my original comment. Of course it’s not fun to pay more for gas, though I’m happy to do it if the money actually goes to green energy initiatives. Maybe it’s obvious to some people, but it seems somewhat deceptive to say that oil companies would be punished when really it is just a cost passed on to the consumer. This legislation won’t affect profits.
“It’s also the populations fault that our lobbying to keep them reliant on our product is working. They shouldn’t have elected such bribeable politicians.”
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