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Peter Gerdes's avatar

Even worse, the idea of allowing lawsuits for climate change harms strikes at foundational principles of the law.

What makes written law such an important innovation is that it lets people predict what will and won't result in later liability. If the law says you get to do X then people can't decide after the fact that they don't like the fact that you did X and impose liability for it.

Even with the tobacco lawsuits the idea was that the tobacco companies were liable under existing product liability rules for hiding how that product might harm their customers. We don't have a similar rule for general harms to the world for using a product and right now burning carbon is legal.

I see this as nothing but an attempt to do an end run around the democratic process. If we want a carbon tax we can pass one at any time but we've repeatedly decided not to do so.

And allowing liability for things we decide in the future are bad creates all sorts of problematic incentives.

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Doug Grandt's avatar

What Bill does not take into account is the rising price of fossil fuels—either by an imposed pollution tax or reduced demand or scarcity in the face of continued operation of fixed-cost refinery and production facilities—will be passed on to consumers, and Big Oil will simply file bankruptcy and close up shop, leaving the rusting rotting hulks of derelict infrastructure for taxpayers to dismantle and clean up. Without appropriate modeling of society to inform responsible planning, the unpredicted consequential economic chaos and social mayhem will be as painful and catastrophic as dealing with a few feet of sea level rise—or worse.

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