Should fossil fuel companies be held financially liable for climate change damages?

Context

The question of whether fossil fuel companies should pay for climate damages reflects a fundamental debate about accountability and risk allocation. As extreme weather events intensify and climate impacts mount, some argue that companies profiting from carbon emissions should bear financial responsibility for the harm caused, while others contend that climate policy should be set through legislation rather than litigation. This tension between legal liability and political solutions has become increasingly urgent as countries grapple with adaptation costs and insurance market instability.