Source: Los Angeles Times
The latest version of this effort, Senate Bill 684 and Assembly Bill 1243 — known as the Polluters Pay Climate Superfund Act — would require the largest oil and gas companies doing business in the state to pay their fair share of the damages caused by planet-warming greenhouse gases. The fees would be collected into a Superfund that would be put toward projects and programs to help the state mitigate, adapt and respond to climate change.
The legislation gained momentum after its introduction by Sen. Caroline Menjivar (D-Panorama City) and Assemblymember Dawn Addis (D-Morro Bay) in the wake of January’s devastating wildfires in Los Angeles, but neither made it out of its house of origin before sputtering out. Officials have confirmed to The Times that the legislation has been put on hold until next year.