Why Big Oil should pay to rebuild after the L.A. fires
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California lawmakers may soon consider a climate ‘superfund’ law that forces fossil fuel companies to pay for damages linked to emissions from their products.
The damage and economic loss from the Los Angeles-area fires could be more than $250 billion, by one estimate. Insurers and the government will foot some of the bill. But some climate advocates argue that fossil fuel companies should also help cover part of the cost.