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ME LD1808
Bill
Status
Failed
5/20/2025
Primary Sponsor
Grayson Lookner
Click for details
AI Summary
- Establishes the Climate Superfund Cost Recovery Program within the Department of Environmental Protection to impose strict liability on fossil fuel companies for climate adaptation costs
- Targets entities responsible for more than 1 billion metric tons of greenhouse gas emissions from fossil fuel extraction or crude oil refining during the covered period of January 1, 2000 through December 31, 2024
- Requires responsible parties to pay cost recovery demands within 6 months or elect a 9-year installment plan (20% initial payment, then 10% annually), with entities in controlled groups jointly and severally liable
- Creates the Climate Superfund Cost Recovery Program Fund to finance climate adaptation projects including flood protection, stormwater upgrades, transportation infrastructure improvements, public health programs, and electrical grid resilience
- Mandates State Auditor program evaluations every 5 years beginning January 1, 2031, and requires the Treasurer of State to submit a greenhouse gas cost assessment to the Legislature by January 15, 2026
Legislative Description
An Act to Enact the Maine Climate Superfund Act
Planning
Last Action
Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)
5/20/2025
Committee Referrals
Environment And Natural Resources4/25/2025
Full Bill Text
No bill text available