A group of Democratic U.S. senators on Wednesday unveiled legislation establishing a $500 billion fund to be financed by Big Oil and other “carbon polluters” that they hope to attach to broader climate control legislation expected later this year. Modeled after the 1980 “Superfund” program in which polluters pay the costs of cleaning up hazardous substances from contaminated lands, the EPA and Treasury Department would identify the nation’s largest “fossil fuel company polluters,” according to Senator Chris Van Hollen. He said an estimated 25 to 30 of the biggest U.S.-based “polluters” would be required to contribute to the fund over 10 years. He did not identify individual companies that could be targeted. Next week, […]