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Committee advances ‘Climate Superfund’ bill (SB 15 41) and adopts amendment
Summary
SB 15 41, which would establish a Climate Superfund cost-recovery program covering greenhouse gas emissions from 01/01/1995 to 12/21/2024 and dedicate 30% of funds to a community risk reduction fund, was amended and referred to Joint Ways and Means.
The Senate Committee on Natural Resources and Wildfire adopted a dash-2 amendment to SB 15 41 and voted to refer the bill to the Joint Committee on Ways and Means.
Staff summarized that SB 15 41 would establish a Climate Superfund cost-recovery program to assess financial impacts of greenhouse gas emissions emitted between Jan. 1, 1995, and Dec. 21, 2024, recover costs from responsible entities, transfer certain authority to the Land Conservation and Development Commission, require coordination with the Oregon Health Authority and consultation with nine federally recognized Oregon tribes, and dedicate 30% of funds to a community risk reduction fund with a portion set aside for tribal grants.
After adoption of the dash-2 amendment (vote 3–2), the committee voted to move SB 15 41 as amended to the floor with a do-pass recommendation and to refer it to the Committee on Joint Ways and Means by prior reference. The chair described the action as a “historic moment” in an ongoing statewide policy conversation.
Next steps: SB 15 41 will be referred to Joint Ways and Means for fiscal review.
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