At the same time that communities across the Commonwealth are facing the growing costs of climate adaptation -- costs that will grow significantly in the coming decades -- fossil fuel companies are making record profits.

The Polluters Pay bill (An Act establishing a climate change superfund and promoting polluter responsibility: S.481/H.872) would require companies that have contributed significantly to the buildup of climate-warming greenhouse gasses in the atmosphere to bear a share of the costs of needed infrastructure investment. By doing so, it would would raise an estimated $75 billion over 25 years from the 20 largest polluting companies to provide funding for climate resiliency efforts such as restoring coastal wetlands; upgrading roads, bridges, subways, and transit systems; preparing for and recovering from hurricanes and other extreme weather events; installing energy efficient cooling systems; upgrading the electrical grid; and expanding green spaces and urban forestry.

Moreover, the bill understands that our sustainability transition must be a just one, with key provisions to ensure that sufficient funds go to environmental justice populations and that the funding goes to the creation of good-paying jobs.