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Treasurer and ANR ask Legislature for more time and funding to complete Vermont climate "superfund" damage assessment
Summary
Gavin Moyles, deputy treasurer, told the House Natural Resources & Energy Committee on April 2 that the treasurer's office needs a 12-month extension and added staff and consultant funds to finish the legislatively required damage-cost assessment tied to Vermont's Climate Superfund law.
Gavin Moyles, deputy treasurer, told the House Natural Resources & Energy Committee on April 2 that the treasurer's office is asking the Legislature for a 12-month extension to complete the legislatively required damages assessment under the Climate Superfund law and for additional staffing and consultant funds.
"...we would like to ask for a 12 month extension of that to January 27," Moyles said, describing a request to move the assessment deadline and add a limited-service full-time position and roughly $700,000 for consultant work.
Why it matters: The damages assessment will estimate historic and future climate-driven harms and the cost to adapt, and it underpins any later liability methodology and demand letters the Agency of Natural Resources (ANR) would issue. ANR officials told the committee the assessment must be scientifically robust because the results will face legal scrutiny and could prompt litigation.
Deputy treasurer's office view:…
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