Minnesota SF4126 establishes a greenhouse gas pollution cost-recovery program to fund climate change adaptation projects.

Minnesota SF4126 creates a greenhouse gas pollution cost-recovery program to fund climate change adaptation projects. The bill establishes a greenhouse gas pollution account in the environmental fund, which receives cost-recovery payments from responsible parties. Responsible parties include entities that extracted or refined fossil fuels during the covered period. The commissioner determines the cost-recovery demand for each responsible party based on their share of covered greenhouse gas emissions.

Minnesota SF4126 establishes a greenhouse gas pollution cost-recovery program to fund climate change adaptation projects.

Minnesota SF4126 creates a greenhouse gas pollution cost-recovery program to fund climate change adaptation projects. The bill establishes a greenhouse gas pollution account in the environmental fund, which receives cost-recovery payments from responsible parties. Responsible parties include entities that extracted or refined fossil fuels during the covered period. The commissioner determines the cost-recovery demand for each responsible party based on their share of covered greenhouse gas emissions.