Overview

• The stalled bill by Assemblymember Dawn Addis would hold oil and gas companies financially responsible for greenhouse gas emissions from extraction through combustion
• It aimed to create a dedicated fund for disaster preparedness and climate resilience projects such as evacuation planning, resilient infrastructure and electric school buses
• The measure has sat idle since clearing an April committee hearing after the Western States Petroleum Association mounted intense lobbying, calling it punitive to vital energy providers
• A separate April proposal that would have allowed wildfire and climate disaster victims to sue fossil fuel companies also failed to advance in the Legislature
• To fill the funding gap, Newsom is seeking to redirect cap-and-trade auction revenues to back Cal Fire operations and support the high-speed rail project