Port Moody votes to support class-action lawsuit against fossil fuel companies

Seven B.C. municipalities and 40 organizations now support West Coast Environmental Law’s campaign to sue oil companies for climate costs.

Date: May 24, 2024
Complete Article: Vancouver Sun


Port Moody city council voted Thursday to support a potential class-action lawsuit against large fossil fuel companies…  setting aside $1 per resident (estimated at $38,000) to be used as a contribution toward legal fees.

The money will be placed in a dedicated fossil fuel litigation reserve, which is to be funded from current insurance reserves. Mayor Lahti said because these reserves already exist there is no tax impact from this transfer of funds.

The city is calling on the provincial and federal governments to enact legislation that holds fossil fuel companies financially liable for climate-related harms caused by their contributions to climate change.

Fossil fuels have contributed to climate change in a significant way and, as we work to implement Port Moody’s Climate Action Plan, it’s important that we recover costs so that we can reduce the financial burden placed on our residents.

Mayor Lahti, Port Moody

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