Oil and gas companies should start shouldering some of the costs of climate change, says Victoria’s mayor Victoria was one of the first municipalities in British Columbia to pen a letter to oil and gas companies last year asking them to chip in to cover growing bills in proportion to their emissions. (Jonathan Hayward/Canadian Press) Staff and contractors in Victoria have been crunching the numbers on climate change costs for the coastal city and it’s not looking good, the mayor says. Lisa Helps says based on a report commissioned by the regional government in 2015, storm surges combined with a one-metre rise in sea level — which is projected by the year 2100 — could result in business disruption losses of $415,557 per day. ADVERTISEMENT Victoria was one of the first municipalities in British Columbia to pen a letter to oil and gas companies last year asking them to chip in to cover growing bills in proportion to their emissions. Victoria Mayor Lisa Helps is actively looking into ways her city can recoup costs associated to climate change from oil and gas companies. (Liz McArthur/CBC) It is joining local governments around the world in seeking some relief. "We’re actively […]

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