""We have to ask, who's not paying? We know that the victims, the survivors, are paying in profound ways. Taxpayers are paying. And of course, policyholders are paying with much higher premiums. Who's not paying? The answer is the fossil fuel industry, the corporations whose products fueled this crisis by fueling climate change.""
""A life erased," she said, reflecting on the devastation caused by the Eaton Fire, which destroyed her home and personal belongings, highlighting the personal impact of climate disasters."
""This bill is profoundly narrower," Wiener said, indicating that the current version of the legislation has been simplified based on feedback from the previous year's proposal."
California's legislation aims to hold fossil fuel companies accountable for climate disaster damages. State Sen. Scott Wiener advocates for this bill as climate-related disasters increase insurance costs. Survivors of the Eaton Fire, like Gayle Ali, emphasize the profound losses they faced. The bill allows the attorney general to sue based on a company's market share, with damages funding a new Climate Disaster Fund to support affected policyholders and programs. This version of the bill is narrower than previous proposals, responding to feedback from last year.
Read at Kqed
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