Rhode Island Carbon Dioxide Storage Agreement

State:
Multi-State
Control #:
US-OG-949
Format:
Word; 
Rich Text
Instant download

Description

This form is a carbon dioxide storage agreement.
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FAQ

The CO2-Act's objective is to reduce the emission of climate-relevant carbon dioxide (CO2) arising from the combustion of fossil fuels.

The Rhode Island Carbon Pricing Study seeks to investigate potential state and region carbon pricing policies and produce a report that outline key findings from the policy analysis, modeling and stakeholder engagement. The purpose of this study is to provide an impartial assessment of various carbon pricing policies.

Rhode Island Sued Fossil Fuel Companies for Allegedly Causing Climate Change Impacts. On July 2, 2018, the State of Rhode Island filed a lawsuit in state court asserting that 21 fossil fuel companies should be held liable for climate change impacts that the State has experienced and will experience in the future.

Rhode Island will experience warmer air and water temperatures, more extreme weather events such as droughts, intense precipitation, severe storms and flooding, increasing rates of sea level rise, shorter winters and longer summers, and less snowfall and ice coverage.

Last month, a district court judge in Montana ruled in favor of 16 youth plaintiffs in a landmark climate lawsuit.

California claims the five biggest oil and gas companies knew that using their products led to climate change, but then spent decades misleading the public.

Shell Oil Co. ?Rhode Island was the first state to file a climate damage and deception lawsuit, nearly five years ago. We filed in state court because that is the traditional and proper forum to hold corporations accountable for deceiving and failing to warn consumers about their products' dangerous impacts.

On April 10, 2021, Governor Raimondo signed the Rhode Island 2021 Act on Climate into law, amending the Resilient Rhode Island Act of 2014 by making mandatory greenhouse gas (GHG) emissions targets more enforceable, adding a goal of net-zero by 2050, and requiring actions to promote equity and environmental justice.

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Rhode Island Carbon Dioxide Storage Agreement