"Polluters Pay to Make New Jersey More Affordable Act"; imposes cost recovery payments on certain fossil fuel companies for funds needed for climate change adaptation; establishes program in DEP to collect and oversee distribution of funds.*

Summary

The bill creates a Climate Superfund that makes fossil‑fuel extractors and refiners that emitted more than 1 billion metric tons of greenhouse gases liable for the state’s climate‑related damages. The Department of Environmental Protection would calculate each company’s share, collect the payments, and fund projects such as flood protection, building upgrades, and health programs. The aim is to raise money to offset the costs New Jersey faces from climate change.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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