An act relating to climate change cost recovery

This bill creates the Climate Superfund Cost Recovery Program, which would require fossil fuel companies that operated in Vermont between 2000 and 2019 to pay for their share of climate change costs. The program targets entities involved in extracting coal, oil, or natural gas, charging them based on how much greenhouse gas their products contributed to global emissions. Money collected from these payments would go into a dedicated fund to finance climate resilience projects like flood protections, upgraded infrastructure, and health programs addressing climate-related health risks. The law defines specific types of infrastructure projects eligible for funding and establishes rules for determining which companies must pay and how much they owe.