For the second year in a row California lawmakers have failed to advance their much-hyped “climate superfund” legislation – a pair of bills that would impose retroactive fees on oil companies for their alleged contributions to climate change.
Lacking any clear evidence of climate liability, the proposed measures risk adding yet another cost burden in a state where residents already face some of the highest energy prices in the nation. Gasoline currently averages $4.78 per gallon in California – nearly $1.40 above the national average.
Read more on EID Climate here.
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