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A bill introduced in the state legislature of California would legally fossil fuel companies legally legally for climate change damage, just as the current law that has public services responsible for the fires initiated by its teams.
The Senator of the State Scott Wiener (D), who co-introduced the bill Monday, said in a statement that the bill would change the burden of cost of the climate disaster of the owners to oil and gas companies. .
“Knowing these costs is essential for our recovery and for the future of our state. Forcing fossil fuel companies that drive the climate crisis to pay their fair share, we can help stabilize our insurance market and make victims of whole climate disaster, “Wiener said in a statement.
The legislation would also allow the Plan just to the insurance requirements (Just), the insurer of the state’s last resort, demanding fossil fuel companies to recover costs instead of transmitting them to people they are not.
The state senator in the San Francisco area accused fossil fuel companies of deceiving the public about the role of their products in climate change. Although he did not cite specific examples, internal communications in Exxonmobil suggest The company, then known as Exxon, has been aware of the relationship since the 1970’s. Exxon has denied allegations that dissolve the misinformation on climate change, including during the test under the oath in front of the Chamber’s Supervisory Committee.
The introduction of the bill comes weeks after the devastating forest fires began to devastate the southern part of California. The extreme climate in the state was an important factor that contributed to fire damage: after California had an unusually wet winter, including -various storms of “atmospheric river”, then experienced the heat of the following summer and A dry rainy season. Allowing fires to spread rapidly in the additional vegetation that grew as a result of the wet climate.
In the long term, insurance companies have increasingly reduced their coverage or left in California completely, largely due to the costs of the natural disasters of the state. Governor Gavin Newsom (D) supported a bill last year, which sought to discourage the insurer’s exits, increasing the faster rate.
Wiener argued that the passage of the new bill would allow the insurance market to stabilize without the insurers having a loss to cover the impacts of climate disasters.
