Environment

The Farmers Protection Act (SB 554) aims to prevent discrimination in financing against agriculture producers. It makes it unlawful for banks to deny or cancel services to farmers based on their greenhouse gas emissions, use of fossil-fuel derived fertilizer, or fossil-fuel powered machinery. If a bank has an environmental, social, or governance (ESG) commitment related to agriculture, there is a rebuttable presumption that such a denial violates the act, unless the bank proves it was solely for financial reasons. The bill requires banks to submit annual compliance reports and allows for civil penalties for violations, which are also considered an unfair or deceptive trade practice.

SB 605 makes two key changes related to water management and environmental regulations. First, it eliminates subbasin designations and removes the requirement for an Interbasin Transfer certificate for water transfers that occur between subbasins within the same major river basin, simplifying the process for water resource managers. Second, the bill revises how nutrient offset credits are calculated for wastewater permits in the Neuse River Basin. It specifies that a "TMDL transport factor" must be applied to both the permitted wastewater discharge and the nutrient offset credits, and it broadens the applicability of this calculation by removing a previous customer connection limit for local governments. The bill also directs the Department of Environmental Quality to develop new modeling for nutrient transport in the Neuse River Basin, which could lead to updated rules.