
Climate justice: pressure is mounting on fossil fuel producers
On November 23, 1998, four big US tobacco companies signed the Tobacco Master Settlement Agreement with the attorneys general of 46 states and six US territories. Big Tobacco agreed to pay the gigantic sum of $206 billion (2.3% of the country's GDP at the time) over 25 years to compensate for public health expenses incurred by these states due to smoking-related illnesses, and to finance large-scale campaigns warning about the dangers of tobacco. The agreement was signed after a series of legal actions by states demanding reimbursement from companies for their health expenses.
Faced with the immense humanitarian consequences of climate change - hundreds of thousands of deaths and millions of forced displacements every year - and the immense financial needs for adaptation in the most vulnerable countries, local and state governments are starting to sue fossil fuel companies, just like they did the tobacco companies 30 years ago.… Seguir leyendo »