This bill seeks to establish a $1 trillion fund by assessing a fee on the largest fossil fuel companies (those responsible for over 1 billion tons of historical emissions). These companies would be required to pay into the fund over a 10-year period, with their specific contribution determined by their proportional share of global greenhouse gas emissions.

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• It moves the massive costs of climate adaptation such as, building sea walls, upgrading electrical grids, and disaster recovery, from taxpayers to the corporations that profited most from the production of fossil fuels.

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• The bill mandates that 40% of the funds be dedicated to environmental justice communities, which are often low-income areas or communities of color that have historically taken on the brunt of pollution (PFAS) and climate-related disasters.

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• By using carbon attribution science, it creates a legal and financial method to hold private companies accountable for global environmental damage, signaling a shift toward recognizing the hidden costs of carbon-heavy business models