Create greenhouse gas pollution cost-recovery program

This bill establishes a Greenhouse Gas Pollution Superfund in Minnesota that would charge fossil fuel companies for emissions produced between 1995 and 2026. The program targets businesses that extracted or refined fossil fuels and are responsible for more than one billion metric tons of greenhouse gas emissions during that period. Money collected from these charges would be placed in a dedicated account to fund climate change adaptation projects for state, local, and Tribal governments, as well as disadvantaged communities. The state commissioner would determine how much each company must pay based on their emissions and distribute funds according to adopted rules.