S 25 was sponsored by Chris Van Hollen (D), Sen.

Fossil Fuel Companies Pay for Climate Damage

IntroducedN/A

Introduced1 year ago

Intro

Senate

House

Pres

Read twice and referred to the Committee on Finance.

Why This Matters

This bill requires fossil fuel companies to pay for the damage caused by their emissions, creating a fund to help combat climate change effects.

If you live in a community impacted by climate change, this bill will help secure $100 billion annually for protective measures.

Who this affects

fossil fuel companies · low-income populations · minority populations · communities vulnerable to climate change

What changes is this bill making?

1Fossil fuel companies will pay a total of $100 billion each year to help fund climate change responses.
2The funds will support protective measures for communities most affected by climate change, especially low-income and minority groups.
3The bill aims to address the rising costs of climate-related disasters, which currently exceed $150 billion annually.
4The legislation requires fossil fuel companies to contribute based on their carbon dioxide emissions.

Read the detailed summary

This resolution expunges the January 13, 2021, impeachment of President Trump.