An Act establishing a climate change superfund

HD 3369 establishes a Climate Change Adaptation Superfund to finance projects that help communities prepare for and recover from climate impacts. It requires fossil fuel companies and entities that extracted coal, oil, or natural gas in Massachusetts between 1995 and 2024 to pay into the fund based on their historical greenhouse gas emissions. Payments will support concrete adaptation projects like upgrading stormwater systems, retrofitting public buildings for energy efficiency, and protecting communities from extreme weather. The fund prioritizes environmental justice communities - neighborhoods with high poverty rates, minority populations, or limited English proficiency - to ensure equitable access to climate resilience efforts.