Assembly Member Addis has introduced legislation requiring major fossil fuel companies to fund California's climate adaptation efforts through a new "Polluters Pay Climate Superfund." The bill establishes a program administered by the California Environmental Protection Agency to assess and collect payments from companies responsible for over one billion metric tons of greenhouse gas emissions between 1990 and 2024.
Within one year, CalEPA must complete a comprehensive study quantifying past and projected climate damages through 2045. The agency will then determine each company's proportional financial responsibility based on their historical emissions and issue cost recovery demands. Companies can pay their assessed amount in full or opt for 20 annual installments. All payments will be deposited into a new Climate Superfund to finance qualifying climate mitigation and adaptation projects across the state.
The legislation mandates that at least 40 percent of fund expenditures directly benefit disadvantaged communities facing climate impacts. Eligible projects include disaster preparedness, energy resilience, workforce development, agricultural adaptation, and natural resource protection. The program includes enforcement mechanisms such as late payment penalties and potential business license revocation for non-compliant companies. Regular evaluations by the Legislative Analyst's Office will assess the program's effectiveness through 2045.
![]() Chris RogersD Assemblymember | Bill Author | Not Contacted | |
![]() Matt HaneyD Assemblymember | Bill Author | Not Contacted | |
![]() Rebecca Bauer-KahanD Assemblymember | Committee Member | Not Contacted | |
![]() Isaac BryanD Assemblymember | Committee Member | Not Contacted | |
![]() Diane PapanD Assemblymember | Committee Member | Not Contacted |
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Assembly Member Addis has introduced legislation requiring major fossil fuel companies to fund California's climate adaptation efforts through a new "Polluters Pay Climate Superfund." The bill establishes a program administered by the California Environmental Protection Agency to assess and collect payments from companies responsible for over one billion metric tons of greenhouse gas emissions between 1990 and 2024.
Within one year, CalEPA must complete a comprehensive study quantifying past and projected climate damages through 2045. The agency will then determine each company's proportional financial responsibility based on their historical emissions and issue cost recovery demands. Companies can pay their assessed amount in full or opt for 20 annual installments. All payments will be deposited into a new Climate Superfund to finance qualifying climate mitigation and adaptation projects across the state.
The legislation mandates that at least 40 percent of fund expenditures directly benefit disadvantaged communities facing climate impacts. Eligible projects include disaster preparedness, energy resilience, workforce development, agricultural adaptation, and natural resource protection. The program includes enforcement mechanisms such as late payment penalties and potential business license revocation for non-compliant companies. Regular evaluations by the Legislative Analyst's Office will assess the program's effectiveness through 2045.
Ayes | Noes | NVR | Total | Result |
---|---|---|---|---|
9 | 4 | 1 | 14 | PASS |
![]() Chris RogersD Assemblymember | Bill Author | Not Contacted | |
![]() Matt HaneyD Assemblymember | Bill Author | Not Contacted | |
![]() Rebecca Bauer-KahanD Assemblymember | Committee Member | Not Contacted | |
![]() Isaac BryanD Assemblymember | Committee Member | Not Contacted | |
![]() Diane PapanD Assemblymember | Committee Member | Not Contacted |