California lawmakers introduce AB 1243 to hold polluters accountable for climate costs

The Assembly Natural Resources Committee of California convened on April 21, 2025, to discuss Assembly Bill 1243, known as the Polluters Pay Climate Super Fund Act. This proposed legislation aims to address the financial burdens of climate-related disasters on California taxpayers while generating funds for climate resilience projects.

The bill's primary objectives are twofold: to relieve taxpayers from the escalating costs associated with climate destruction and to create funding for projects that promote job growth in construction and other sectors. Proponents of the bill highlighted the significant financial impact of climate change, estimating damages could reach $113 billion annually by 2050. These costs include increased expenses for cooling homes during heatwaves, rebuilding after wildfires and floods, and healthcare for pollution-related health issues.

The bill seeks to hold major fossil fuel companies accountable for their contributions to climate change. It proposes that these companies, identified as responsible for at least a billion metric tons of greenhouse gas emissions, pay fees proportional to their emissions. The funds collected would be allocated to various initiatives, including renewable energy projects, affordable housing, and support for local governments and essential workers responding to climate disasters.

Supporters of AB 1243, including representatives from the Center for Biological Diversity and the California Environmental Justice Alliance, emphasized the need for equitable solutions that ensure polluters contribute to the costs they impose on society. They argued that the current system unfairly places the financial burden on taxpayers while fossil fuel companies continue to profit significantly.

The committee established a quorum and proceeded with discussions, indicating strong legislative interest in addressing the pressing issues of climate change and its economic impacts on California residents. The outcome of this bill could mark a significant shift in how the state manages climate-related costs and responsibilities.