Plain English Breakdown
The bill summary does not provide specific details on which fossil fuel companies would be targeted.
Climate Disasters: Civil Actions
This law allows the Attorney General to sue certain fossil fuel companies for climate-attributable damage and creates a fund for recovered money.
What This Bill Does
- Allows the Attorney General to sue specified fossil fuel companies if their actions contributed to climate-related damage in California, focusing on costs and losses suffered by the FAIR Plan Association, funds borrowed from the California Infrastructure and Economic Development Bank, or costs incurred by insurance policyholders.
- Makes these companies strictly liable for any relief granted without needing to prove fault, using market share principles to decide how much each company owes.
- Prevents fossil fuel companies from passing on costs related to lawsuits to consumers through higher gas prices.
Who It Names or Affects
- Fossil fuel companies that are sued for contributing to climate-related damage in California.
- The Attorney General, who can bring these lawsuits against specified fossil fuel companies.
- California consumers, who won't see higher gas prices due to costs from these lawsuits.
Terms To Know
- Strict liability
- A rule that makes someone responsible for damages even if they did not mean to cause harm.
- Market share principles
- A way to decide how much each company should pay based on their share of the market.
Limits and Unknowns
- The bill does not specify exactly which fossil fuel companies would be targeted.
- It is unclear what specific uses the Attorney General Climate Disaster Fund will have until the Legislature decides.