Polluters Pay Climate Fund Act of 2025

The Polluters Pay Climate Fund Act of 2025 imposes a tax on fossil fuel companies based on their historical carbon emissions from 2000-2023. Companies that emitted more than 1 billion metric tons of CO2 during this period must pay a tax calculated as a proportion of a total $1 trillion tax amount, based on their excess emissions. The tax revenue will fund a new trust fund to support climate resilience projects, with at least 40% of funds directed to environmental justice communities (communities of color, low-income, and Tribal/Indigenous communities). Companies can pay the tax over 9 years in installments, and the bill explicitly states it doesn't affect existing legal claims against polluters or preempt state climate laws.