Climate Superfund Act imposes cost recovery payments on fossil fuel companies for climate change damages and establishes a program to fund adaptation.

The Climate Superfund Act holds certain fossil fuel companies liable for damages caused by climate change in New Jersey. It establishes the Climate Superfund Cost Recovery Program within the Department of Environmental Protection (DEP) to collect compensatory payments from these companies. The bill defines "responsible parties" as entities that extracted or refined fossil fuels and emitted over one billion metric tons of greenhouse gases since 1995. These companies must make payments based on their share of emissions.

Climate Superfund Act imposes cost recovery payments on fossil fuel companies for climate change damages and establishes a program to fund adaptation.

The Climate Superfund Act holds certain fossil fuel companies liable for damages caused by climate change in New Jersey. It establishes the Climate Superfund Cost Recovery Program within the Department of Environmental Protection (DEP) to collect compensatory payments from these companies. The bill defines "responsible parties" as entities that extracted or refined fossil fuels and emitted over one billion metric tons of greenhouse gases since 1995. These companies must make payments based on their share of emissions.