Proposed Legislation Could Hold Fossil Fuel Firms Financially Accountable

Douglas McIntyre, editor-in-chief at Climate Crisis, outlines proposed legislation in New York State that would charge fossil fuel companies up to $3 billion annually for environmental damages. He compares it to the 1990s $250 billion tobacco industry settlement, in that fossil fuel companies knowingly concealed the effects of greenhouse gas emissions and discusses how this legislation could set a precedent for other states, potentially generating hundreds of billions to combat climate change.