Polluters Pay Climate Superfund Act of 2025.
Vote required
Two Thirds
Fiscal committee
No
Appropriation
No
Current location
Judiciary
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
The Polluters Pay Climate Superfund Act of 2025 establishes a new fund to hold fossil fuel polluters accountable for the damage caused by greenhouse gas emissions. The fund will require companies involved in extracting, producing, refining, or selling fossil fuels between 1990 and 2024 to pay a ‘cost recovery demand’ based on their contribution to global emissions. This fund will then be used to finance projects and programs aimed at mitigating, adapting to, and responding to the impacts of climate change, particularly benefiting disadvantaged communities.
Key provisions
- Establishes the Polluters Pay Climate Superfund Program to assess and collect fees from fossil fuel polluters.
- Requires a climate cost study to quantify the total damage amount from greenhouse gas emissions.
- Defines ‘responsible parties’ as entities with significant ownership or involvement in fossil fuel operations.
- Sets a timeframe for determining and publishing a list of responsible parties.
- Mandates the agency to determine and assess a cost recovery demand for each responsible party.
- Requires collected fees to be deposited into the Polluters Pay Climate Superfund.
- Specifies that funds in the Superfund should be used for qualifying expenditures related to climate change mitigation and adaptation.
- Establishes a process for responsible parties to challenge their designation or cost recovery demand.
Who is affected
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