Fossil fuel companies and their shareholders and owners of superyachts and private jets should have to pay into a fund for flood defences and home insulation, according to a private member’s bill to be launched on Thursday.
The bill is part of a broader movement by campaigners to “make polluters pay”, demanding that oil and gas companies, and those who benefit from fossil fuels, should take on more of the direct responsibility for tackling the climate crisis, rather than funding such measures from general taxation.
