CT HB06280

Establishes the Climate Superfund Cost Recovery Program administered by the Department of Energy and Environmental Protection, effective July 1, 2025, to collect payments from fossil fuel companies responsible for more than one billion metric tons of greenhouse gas emissions during January 1, 1995 through December 31, 2025.

Imposes strict liability on responsible parties (fossil fuel extractors and petroleum refiners) to pay cost recovery demands proportional to their share of covered greenhouse gas emissions, with payments due in full within six months or through nine annual installments (20% initial, then 10% annually).

Creates the Climate Superfund Cost Recovery Program Fund to finance climate change adaptation projects including flood protections, home buyouts, stormwater system upgrades, infrastructure resilience improvements, public health programs, and nature-based solutions.

Requires the State Treasurer to submit by January 1, 2027 an assessment of costs to Connecticut from greenhouse gas emissions during the covered period, including impacts on public health, natural resources, agriculture, and economic development.

Mandates state Auditors of Public Accounts to evaluate program effectiveness every five years beginning January 1, 2031, and requires DEEP to report on feasibility and progress to the Environment Committee by February 15, 2026.