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HB 2878 Oregon House · 2025 Regular Session

Relating to carbon sequestration.

Summary
Authorizes the State Treasurer to issue general obligation bonds under Article XI-E of the Oregon Constitution in an amount that produces $500 million in net proceeds for a Strategic Carbon Sequestration and Forestry Sustainability Program. Directs the State Forestry Department to establish a Strategic Carbon Sequestration and Forestry Sustainability Program.
Issues: ✓ Budget & TaxesSupports Budget & TaxesAuthorizes $500M in bond proceeds for a state program, directly funding a fiscal initiative under budgetary appropriation.95% confidence ✓ EnergySupports EnergyFunds $500M for carbon sequestration program, directly advancing clean energy infrastructure and emission reduction efforts per bill's purpose.95% confidence ✓ EnvironmentSupports EnvironmentAuthorizes $500M for carbon sequestration and forestry sustainability program, directly advancing environmental protection through funding and program establishment.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2025 Last action Jun 28, 2025
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
3
Key actions
1
Committee
2
Jun 28, 2025
Lower · Passed
In committee upon adjournment.
lower
Jan 17, 2025
Committee
Referred to Climate, Energy, and Environment with subsequent referral to Ways and Means.
lower
Jan 13, 2025
Introduced
First reading. Referred to Speaker's desk.
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Paul Evans
Paul Evans
DDemocratic
OR
20