Climate Change - Attorney General Actions, Climate Change Restitution Fund, and Climate Change Restitution Fund Advisory Council

HB 340 authorizes Maryland's Attorney General to sue fossil fuel companies (specifically publicly traded entities deriving ≥50% revenue from coal/oil/gas with >$1 billion market cap) for climate-related harms caused by deceptive or unlawful actions. It creates a Climate Change Restitution Fund to pay for programs addressing climate impacts like flooding, heat islands, drought, and disease spread, funded by settlements/judgments from such lawsuits. The fund is nonlapsing and managed by the Department of Budget and Management, with interest earnings credited back to it. An Advisory Council advises on fund distribution to the Governor, Attorney General, and legislature.