14-04-2025
Two R.I. bills offer a way to fund climate action. The cost of doing nothing is far greater.
That's right, ordinary
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This year, the Rhode Island Legislature will consider two bills designed to rectify this situation.
Both are based on a principle so simple that every kindergartener understands: If you make the mess, you clean it up.
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One would think this legislation would be a slam dunk, given that two-thirds of the public believe fossil fuel companies should help pay for the carnage they have caused. But money talks, and fossil fuel companies have a lot of it. So the question becomes whether legislators and the governor have the political will needed to correct this upside-down world where the victims pay while the perpetrators make staggering profits?
In 2024, ExxonMobil earned profits at $70,513 a minute and
But that's an empty threat intended to scare off legislators who are concerned that rising utilities bills are a top concern for their constituents. In reality, oil and gas prices are set by global markets, not individual companies, and if a company were to raise its prices, suppliers would just buy the fuel elsewhere. In addition, the Climate Resilience Act uses a substantial portion of the money raised to provide rebates to individuals and businesses to offset any minor rate increases.
While we're talking about consumers, let's not forget the staggering cost of doing nothing. I'm referring to that pesky $182 billion taxpayers spend a year to deal with climate disasters.
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So why are these bills so important?
* Because here in the Ocean State, we are particularly vulnerable to sea level rise and the violent storms caused by climate change.
* Because the bills will provide funding for projects to make our state more resilient.
* Because they will help pay for the damage already caused by climate change.
* Because the transition to clean energy will create hundreds, if not thousands, of well-paying jobs and boost the economy.
* Because the cost of doing nothing is far greater.
* Because we're on our own now. Let's face it, the federal government has abandoned us. The Trump administration is openly hostile to clean energy, has cut off all climate funding to the states, and would rather give tax breaks to the rich than protect ordinary citizens.
But the most powerful reason we need to take action now is that our children's future depends on it. We inherited an enormously beautiful planet and it is our responsibility to pass on that planet —unharmed — to the people we love most.
Providence-based writer Bill Ibelle is a member of
and the Rhode Island chapter of the Citizens Climate Lobby.
