Part 3/10:
The funds raised from these fines are intended for various infrastructures, including roads, transit, and water systems, focusing on mitigating climate impacts. Supporters of the law herald it as a globally impactful decision, indicating that those who have profited immensely from fossil fuels should be held responsible for the resultant environmental damage. With major oil companies having made over $1 trillion in profits since January 2021, the law intends to balance the scales of justice amidst global fiscal challenges faced by governments trying to combat climate change.