Alaska HB247 establishes a climate change response fund and grants, and imposes a surcharge on oil production.

HB247 creates the climate change response fund in Alaska, which will receive a surcharge of $0.20 per barrel of oil produced. The surcharge is in addition to existing taxes and is due monthly. The Department of Environmental Conservation will administer the fund and award grants to organizations for projects that protect public health, enhance climate resilience, and mitigate environmental damage. The bill also outlines procedures for applying for grants and reporting oil production.

Alaska HB247 establishes a climate change response fund and grants, and imposes a surcharge on oil production.

HB247 creates the climate change response fund in Alaska, which will receive a surcharge of $0.20 per barrel of oil produced. The surcharge is in addition to existing taxes and is due monthly. The Department of Environmental Conservation will administer the fund and award grants to organizations for projects that protect public health, enhance climate resilience, and mitigate environmental damage. The bill also outlines procedures for applying for grants and reporting oil production.