VirginiaExtreme Weather Relief Act; established.
What it does
Extreme Weather Relief Act established. Establishes the Extreme Weather Relief Program, administered by the Department of Conservation and Recreation, for the purpose of holding parties responsible for covered greenhouse gas emissions between the covered period of January 1, 1995, and December 31, 2024, for the parties' share of the Commonwealth's costs due to climate change. The bill defines responsible parties as fossil fuel extractors or crude oil refiners causing emissions of one billion metric tons or more of covered greenhouse gases during the covered period.
More detail
Under the bill, responsible parties are strictly liable for cost recovery payments to the Commonwealth. The bill requires the State Treasurer to conduct an assessment of the costs to the Commonwealth and its residents of the emissions of covered greenhouse gases during the covered period. The bill establishes the Extreme Weather Relief Fund into which the cost recovery payments from responsible entities are deposited and used to pay for extreme weather relief projects, as defined in the bill.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Feb 5Left in Labor and CommerceLatest
- Jan 30Subcommittee recommends laying on the table (5-Y 0-N)
- Vote recorded Subcommittee recommends laying on the table (5-Y 0-N). Result: pass.Lower
- Jan 29Assigned L & C sub: Subcommittee #4Minor
- Jan 28Fiscal Impact Statement from Department of Planning and Budget (HB2233)
- Jan 7Referred to Committee on Labor and CommerceMinor
- Jan 7Prefiled and ordered printed; Offered 01-08-2025 25104642DIntroduced