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Trump is pausing federal loans and grants as his administration reviews spending; IL research shows high greenhouse gas levels in farm streams; Southern nonprofit supports Mississippi organizations led by women of color; Study reveals market failures in Ohio electricity.

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President Donald Trump considers dismantling FEMA. Scott Bessent becomes the next Treasury Secretary, and the North Carolina Supreme Court ballot saga continues.

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Alaskans slither out of the winter blues at the Cordova Iceworm Festival, Trump's energy plans will impact rural folks, legislation in Virginia aims to ensure rural communities have EV charging stations, and BIPOC women retreat to a retreat.

Bill would require fossil fuel companies to help pay for climate impacts

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Monday, March 11, 2024   

Advocates are asking Maryland lawmakers to establish a superfund to help hold fossil fuel companies accountable for the costs of climate change.

Both houses of the General Assembly are debating the "Responding to Emergency Needs from Extreme Weather Act." It would establish a Climate Change Adaptation and Mitigation Fund, targeting the 40 largest companies extracting or refining gas and oil with a fee totaling $9 billion over 10 years.

Sen. Katie Fry Hester, D-Howard, citing the expense of infrastructure upgrades, said the state needs help paying these costs.

"Unfortunately, it has become the responsibility of the Maryland taxpayer to foot the bill for the costs of climate mitigation, adaptation and recovery measures," Hester pointed out. "Not anymore. It's time to ensure that the polluters pay."

The bill would enable the Department of the Environment to use the fund for stormwater and sewer system improvements, bridges and rail infrastructure, flood recovery, clean energy projects and more. In a recent Senate committee hearing, some lawmakers expressed concern about the targeted businesses passing the cost on to consumers.

The Center for Climate Integrity estimated by 2040, Maryland will have to spend more than $27 billion to protect against the possibility of moderate sea-level rise.

Jamie DeMarco, Maryland director of the Chesapeake Climate Action Network, said climate change mitigation is already costing the state hundreds of millions.

"Howard County is spending $228 million to bore an 18-foot diameter drainage tunnel through granite bedrock to prevent flooding," DeMarco noted. "It's the biggest capital expenditure in the history of the county. Annapolis is spending $50 million renovating their dock from nuisance flooding. The same thing is happening everywhere across the state."

Recent polling by Data for Progress found 73% of likely voters support assessing a fee on big oil and gas companies to pay part of the cost of climate change mitigation. Either version of the measure needs to pass one chamber by March 18 in order to have a future in the current session.

Disclosure: The Chesapeake Climate Action Network contributes to our fund for reporting on Climate Change/Air Quality, and Sustainable Agriculture. If you would like to help support news in the public interest, click here.


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