AN ACT RELATING TO HEALTH AND SAFETY -- ECONOMIC AND CLIMATE RESILIENCE ACT OF 2025

SB 338, the Economic and Climate Resilience Act of 2025, imposes a fee on fossil fuel companies selling coal, oil, natural gas, and similar products in Rhode Island. The collected fees will fund a dedicated "Economic and Climate Resilience Fund" to support specific programs. This fund will provide job training for workers transitioning to clean energy, improve energy efficiency for low-income households and small businesses, and help businesses that use significant energy. The bill aims to reduce greenhouse gas emissions, meet Rhode Island's 2035 climate goals, and address climate impacts disproportionately affecting vulnerable communities. It directly affects fossil fuel sellers (who pay the fee) and benefits Rhode Island residents, particularly low-income households and energy-intensive businesses.