AN ACT RELATING TO STATE AFFAIRS AND GOVERNMENT -- RHODE ISLAND CLIMATE SUPERFUND ACT OF 2026

HB 7004 establishes the Rhode Island Climate Superfund Act of 2026, requiring fossil fuel producers responsible for over one billion tons of emissions during 2000-2025 to reimburse the state and municipalities for climate adaptation costs. It directly affects major fossil fuel companies (coal, oil, gas producers) determined to have caused significant climate-related damages. The bill creates a fund to cover "climate change response work," including coastal protection, infrastructure upgrades, and heat mitigation projects, using scientifically verified emission attribution methods aligned with IPCC standards. Funds will offset taxpayer costs for climate resilience efforts already underway, following the "polluter pays" principle.