Environment (Climate Change)

This bill imposes a 5% surcharge on insurance policies covering fossil fuel infrastructure such as oil wells, pipelines, refineries, and coal facilities, effective January 1, 2027. The collected funds will be deposited into a new climate resilience account managed by state officials. These funds will be used to provide flood risk data to communities, run public awareness campaigns about flooding risks, and offer grants for building climate-resilient infrastructure to reduce flood damage. The policy directly affects insurance companies issuing policies for fossil fuel operations and communities that may receive funding for flood mitigation projects.

SB 306 requires Connecticut's Commissioner of Energy and Environmental Protection to develop a Comprehensive Energy Strategy every four years (starting October 1, 2020), which must address all state energy needs (electricity, heating, cooling, transportation), meet greenhouse gas reduction goals, and incorporate existing energy plans. The strategy must include cost assessments, public input through meetings and a 60-day comment period, and analyze natural gas expansion, efficiency goals, and rate impacts. It directly affects state agencies, utilities (via the Public Utilities Regulatory Authority's comments), and residents through potential energy cost and service changes. The bill mandates specific content and public engagement procedures but does not create new funding or impose direct costs on individuals.

HB 5156 establishes a Climate Superfund Cost Recovery Program to fund climate adaptation projects by holding fossil fuel entities accountable for historical emissions. It targets fossil fuel companies (defined as entities extracting or refining fossil fuels during 1995-2024 that caused over 1 billion metric tons of emissions) to pay into a fund, rather than using taxpayer money. The fund finances specific climate adaptation projects, including coastal wetland restoration, stormwater system upgrades, urban heat mitigation, and protecting food systems from climate impacts, with priority for environmental justice communities. Projects must align with "nature-based solutions" like green infrastructure and energy-efficient retrofits for public buildings. The program is administered by the Department of Energy and Environmental Protection, starting October 1, 2026.