Large fossil fuel companies would pay a $1 trillion fee to fund climate disaster aid and community projects.
This bill would require certain large fossil fuel companies to pay a total of $1 trillion, based on their past carbon emissions. This money would go into a new “Polluters Pay Climate Fund.” The fund would then be used to help communities across the country prepare for and recover from climate-related disasters, with a special focus on vulnerable communities.
Today, there is no specific federal fee on fossil fuel companies for their historical carbon emissions, nor a dedicated federal fund for climate resilience paid for by such a fee. If this bill becomes law, certain large fossil fuel companies would pay a $1 trillion fee based on their past emissions, and this money would create a new fund specifically for climate adaptation, disaster response, and environmental justice initiatives.
S 25 · 119th Congress · January 7, 2025 · AI Summary by gemini-2.5-flash · 9/10
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9 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.