Tag #Polluter Pays

How did the fossil fuel industry's lobbying efforts against the "polluter pay" bill manifest, and what specific arguments did they use to oppose the legislation?

The blocked "Polluter Pay Climate Cost Recovery Act of 2024" aimed to create a fund to cover climate disaster costs, with the largest polluters contributing. The bill's failure leaves California taxpayers to bear the significant financial burden of these disasters, exacerbated by the fossil fuel industry's actions. This contrasts sharply with the $30 billion in profits and $75 billion stock buyback program by Chevron in 2023.