An Act To Establish A Climate Superfund Cost Recovery Program To Impose Penalties On Climate Polluters
Signed by Governor
Summary
The bill sets up a Climate Superfund Cost Recovery Program that can issue monetary demands to any entity that extracted or refined fossil fuels between 1995 and 2024 and was responsible for more than one billion metric tons of greenhouse‑gas emissions. Payments collected go into a dedicated fund that must finance climate‑adaptation projects, with at least 35% directed to low‑income communities facing environmental‑justice concerns. The program is administered by the Department of Environmental Protection and includes a review, appeal, and audit process.
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