The U.S. Chamber of Commerce and the American Petroleum Institute have filed a federal lawsuit against Vermont, challenging the state's new law that mandates fossil fuel companies to compensate for climate change damages. This law, which Vermont enacted following severe flooding and other extreme weather events, requires these companies to pay for the environmental impacts dating back to January 1, 1995. The plaintiffs argue that the law is unconstitutional and conflicts with the Clean Air Act. Meanwhile, a separate initiative in New York has garnered widespread support among Democrats, proposing that fossil fuel companies contribute $3 billion annually for the next 25 years to address carbon emissions and their effects on climate change.