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Support grows for a Connecticut climate superfund to pay for adaptation; bill prompts legal and fiscal questions
Summary
A coalition of environmental groups, labor and finance advocates backed HB 6280, which would compel major fossil fuel producers to pay for state adaptation projects; proponents said polluters should pay, but opponents warned of legal challenges and uncertain economic impacts.
A proposal to require large fossil‑fuel producers to contribute to a state climate adaptation fund drew strong support from environmental groups, labor organizations and clean‑energy finance advocates during the Environment Committee—s hearing.
House Bill 6280 would direct the state to seek payments from companies responsible for a specified tranche of historical greenhouse‑gas emissions and place recovered funds in a dedicated climate superfund. Proponents argued the fund would provide a stable, predictable revenue source for resilience projects such as flood mitigation, community adaptation grants and nature‑based solutions that municipalities currently struggle to finance.
Brian Garcia, chief executive of the Connecticut Green Bank, said the fund could unlock private…
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