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Climate

Vermont’s ‘Climate Superfund’ Bill Just Became Law

On holding Big Oil to account, SAF subsidies, and Tornado Alley

Vermont’s ‘Climate Superfund’ Bill Just Became Law
Heatmap Illustration/Getty Images

Current conditions: Severe thunderstorms are slamming Houston • Earth could experience another solar storm this weekend • It’s about 78 degrees Fahrenheit and partly cloudy in New York City, where former President Donald Trump has been found guilty on 34 felony counts.

THE TOP FIVE

1. Vermont’s ‘Climate Superfund’ bill becomes law

Vermont has become the first state to pass a law holding big fossil fuel companies financially responsible for climate change damages caused by the emissions from their products. The state’s Republican governor, Phil Scott, neither signed nor vetoed bill S.259, aka the “Climate Superfund Act,” therefore allowing it to become law. In a rather terse note to Senate Secretary John Bloomer about the move, Scott warned of a lack of state funds to take on Big Oil, but said he understands “the desire to seek funding to mitigate the effects of climate change that has hurt our state.”

As Heatmap’s Emily Pontecorvo previously reported, the bill will kick off a multiyear process that, in the most optimistic case, could bring money into the state by 2028. The first step is for the state Treasurer to assess the cost to Vermont, specifically, of emissions from the extraction and combustion of fossil fuels from 1995 to 2024, globally. Regulators will then request compensation from responsible parties in proportion to the emissions each company contributed. The state will identify responsible parties by focusing only on the biggest emitters, companies whose products generated at least a billion tons of emissions during that time. The money will go toward implementing a state “resilience and implementation strategy” to be mapped out in the next two years.

2. Data suggests few ethanol producers will qualify for SAF subsidies

New analysis from Reuters suggests almost no U.S. ethanol will be eligible for President Biden’s sustainable aviation fuel (SAF) subsidies, because very few corn farmers currently use all three of the “climate smart agriculture” practices outlined by the Treasury Department and IRS. The administration’s guidance, finalized at the end of April, said that SAF refiners would be eligible for a credit of $1.25 per gallon if their fuel reduces greenhouse gas emissions by 50% compared to traditional jet fuel, and up to $1.75 per gallon if emissions cuts go beyond 50%. But corn producers will only be eligible if they use cover cropping, avoid tilling, and use efficient fertilizer application to keep carbon in the soil. “I have not had a single ethanol producer member contact me and say, we’re going to meet the climate-smart agriculture requirements,” Brian Jennings, CEO of the lobby group American Coalition for Ethanol, told Reuters. A spokesperson for the U.S. Department of Agriculture (USDA) said the rule will encourage farmers to adopt these practices. Biden once said that farmers would provide 95% of SAF.

3. Jeep unveils its first North American EV

Last night Jeep officially introduced its first North American electric vehicle, the Wagoneer S. The 600-horsepower vehicle has over 300 miles of range, can go from 0 to 60 mph in 3.4 seconds, and can charge from 20% to 80% in 23 minutes using a DC fast charger. The vehicle will “test the appetite of Jeep customers for a fully electric model,” wrote Peter Valdes-Dapena at CNN. The Wagoneer S will cost about $72,000 and go on sale in the U.S. and Canada this fall, before hitting markets worldwide. Take a look:

Jeep/Stellantis

Jeep/Stellantis

4. Deaths reported in India’s heat wave

At least 29 people have reportedly died in India due to the extreme heat wave baking the country. Local media outlets said 10 people died of heat stroke in the eastern state of Odisha and 19 were killed in Bihar. One weather station in the capital New Delhi recorded 127.22 degrees Fahrenheit on Wednesday. That reading may have been faulty, officials said, but the mercury will hover around 110 degrees for at least another week and electricity demand is soaring as people crank up their air conditioners. Making matters worse, the city is experiencing a water shortage, with reports of desperate residents chasing after water tankers. A heat wave has gripped much of South Asia since April, and researchers say human-caused climate change is making the heat wave about 30 times more likely.

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  • 5. Study: Tornado Alley is moving east

    A new analysis of research recently published by the American Meteorological Society’s Journal of Applied Meteorology and Climatology finds that between 1951 and 2020, tornadoes have trended both eastward and “away from the warm season, especially the summer, and toward the cold season.” This means more tornadoes are forming outside Tornado Alley and in densely populated southeastern and midwestern states. “We truly aren’t in Kansas anymore,” quipped Heatmap’s Jeva Lange. The analysis indicates that, between 1951 and 2020, the frequency of winter tornadoes has increased by a staggering 102%. This shift could potentially increase the destruction and disruption of tornadoes that catch people off guard over the holidays or simply unawares. The authors offered a bit of real estate advice: avoid Jackson, Mississippi, which saw one of the greatest increases in tornadoes of any city in the United States, and exhale if you’ve recently purchased property in Cleburne, Texas, which saw one of the greatest decreases.

    THE KICKER

    A large new study published in the journal Science finds that existing oil and gas projects are sufficient to meet global energy demand through 2050, and urges governments to stop issuing permits for new fossil fuel exploration.

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    AM Briefing

    New York Quits

    On microreactor milestones, the Colorado River, and ‘crazy’ Europe

    Wind turbines.
    Heatmap Illustration/Getty Images

    Current conditions: A train of three storms is set to pummel Southern California with flooding rain and up to 9 inches mountain snow • Cyclone Gezani just killed at least four people in Mozambique after leaving close to 60 dead in Madagascar • Temperatures in the southern Indian state of Kerala are on track to eclipse 100 degrees Fahrenheit.


    THE TOP FIVE

    1. New York abandons its fifth offshore wind solicitation

    What a difference two years makes. In April 2024, New York announced plans to open a fifth offshore wind solicitation, this time with a faster timeline and $200 million from the state to support the establishment of a turbine supply chain. Seven months later, at least four developers, including Germany’s RWE and the Danish wind giant Orsted, submitted bids. But as the Trump administration launched a war against offshore wind, developers withdrew their bids. On Friday, Albany formally canceled the auction. In a statement, the state government said the reversal was due to “federal actions disrupting the offshore wind market and instilling significant uncertainty into offshore wind project development.” That doesn’t mean offshore wind is kaput. As I wrote last week, Orsted’s projects are back on track after its most recent court victory against the White House’s stop-work orders. Equinor's Empire Wind, as Heatmap’s Jael Holzman wrote last month, is cruising to completion. If numbers developers shared with Canary Media are to be believed, the few offshore wind turbines already spinning on the East Coast actually churned out power more than half the time during the recent cold snap, reaching capacity factors typically associated with natural gas plants. That would be a big success. But that success may need the political winds to shift before it can be translated into more projects.

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    Blue
    Podcast

    Trump’s Assault on the Clean Air Act and What Happens Next

    In this special episode, Rob goes over the repeal of the “endangerment finding” for greenhouse gases with Harvard Law School’s Jody Freeman.

    Donald Trump and Lee Zeldin.
    Heatmap Illustration/Getty Images

    President Trump has opened a new and aggressive war on the Environmental Protection Agency’s ability to limit climate pollution. Last week, the EPA formally repealed its scientific determination that greenhouse gases endanger human health and the environment.

    On this week’s episode of Shift Key, we find out what happens next.

    Keep reading...Show less
    Donald Trump and Lee Zeldin.
    Heatmap Illustration/Getty Images

    This transcript has been automatically generated.

    Subscribe to “Shift Key” and find this episode on Apple Podcasts, Spotify, Amazon, or wherever you get your podcasts.

    Keep reading...Show less