Bill 119 s 25, also known as the Polluter Pay Climate Fund Act, is a proposed piece of legislation in the US Congress that aims to address the issue of fossil fuel emissions. The bill seeks to impose an assessment on companies that emit fossil fuels in order to establish the Polluter Pay Climate Fund. This fund would be used to support efforts to combat climate change and mitigate the impacts of carbon emissions on the environment.
The bill does not specify the exact amount of the assessment that would be imposed on fossil fuel emitters, but it is intended to hold these companies accountable for the environmental damage caused by their emissions. The funds collected through this assessment would be used to invest in renewable energy sources, support communities affected by climate change, and implement measures to reduce greenhouse gas emissions.
In addition to establishing the Polluter Pay Climate Fund, the bill also includes provisions for monitoring and reporting on the impact of fossil fuel emissions, as well as measures to ensure transparency and accountability in the use of funds collected through the assessment.
Overall, Bill 119 s 25 represents a proactive approach to addressing the challenges posed by fossil fuel emissions and climate change. By holding polluting companies accountable and investing in sustainable solutions, the bill aims to protect the environment and promote a cleaner, healthier future for all Americans.