California lawmakers have blocked a bill to make oil and gas companies liable for damage to homes from natural disasters caused by climate change, warning it could raise gas prices.
The bill would have allowed victims of natural disasters, including fires, floods and hurricanes, to sue fossil fuel companies over harm to themselves or their property for damage totaling at least $10,000. Home insurers would also have been able to seek damages under the legislation. The proposal was announced weeks after the Los Angeles-area fires broke out in January, burning thousands of homes and killing at least 30 people.
