Climate disasters: civil actions.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Insurance
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill allows the California Attorney General to sue fossil fuel companies for damages caused by climate disasters. It aims to recover costs and losses incurred by the California FAIR Plan Association, the California Infrastructure and Economic Development Bank, and insurance policyholders due to events like wildfires. The bill also prohibits companies from passing on climate-related costs to consumers through higher prices and establishes a fund to manage recovered funds for climate disaster relief and related purposes.
Key provisions
- Authorizes the Attorney General to sue fossil fuel companies for climate-attributable damage.
- Allows recovery of costs from the California FAIR Plan Association and the California Infrastructure and Economic Development Bank.
- Permits recovery of losses incurred by insurance policyholders due to climate disasters.
- Prohibits fossil fuel companies from passing on climate-related costs to consumers through higher prices.
- Creates the Attorney General Climate Disaster Fund to manage recovered funds.
- Establishes a ‘responsible party’ definition, including market share considerations.
- Defines ‘climate-attributable damage’ and ‘climate disaster’ for legal purposes.
- Specifies uses for the Attorney General Climate Disaster Fund, including restitution and disaster recovery programs.
Who is affected
- Fossil fuel companies
- California FAIR Plan Association
Bill text
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Sponsors
Official sponsors from legislative records.
14 on record
Primary sponsor
Cosponsors
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