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Vermont becomes 1st state to require oil companies to pay for climate change damages

A small tractor clears water from a business as flood waters block a street, July 12, 2023, in Barre, Vt. Vermont has become the first state to enact a law requiring fossil fuel companies to pay a share of the damage caused by climate change after the state suffered catastrophic summer flooding and damage from other extreme weather.

The state's Republican governor allowed the bill to become law without his signature. The move comes after the state suffered catastrophic summer flooding and damage from other extreme weather.

(Image credit: Charles Krupa/AP)

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