An Act To Establish A Climate Superfund Cost Recovery Program To Impose Penalties On Climate Polluters

LD 1870 establishes Maine's Climate Superfund Cost Recovery Program, targeting entities that operated fossil fuel businesses (like coal, oil, and gas extraction/processing) between 1995 and 2024. It requires these responsible parties to pay for climate adaptation projects - such as flood protections, infrastructure upgrades, and health programs addressing heat waves or wildfire smoke - through a "cost recovery demand" mechanism. Funds collected will finance public projects directly addressing climate impacts, including nature-based solutions like restored wetlands and energy-efficient building retrofits. The program applies to corporations, partnerships, and individuals involved in fossil fuel operations during the covered period, with entities in a "controlled group" treated as a single liable party. This creates a state-level mechanism to recover costs for climate-related damages historically linked to fossil fuel use.