This morning, Thursday, January 22, MEMA President and CEO Charlie Summers joined Matt Gagnon on WGAN News Radio to discuss LD 1870, which would establish a “Climate Superfund” in Maine that would be capitalized by “…a cost recovery demand?”

The assessment this bill would impose would be on “an entity or a successor in interest to an entity that was engaged in the trade or business of extracting fossil fuel or refining crude oil between January 1, 1995 and December 31, 2024 is assessed a cost recovery demand for the entity’s share of fossil fuel extraction or refinement contributing to greenhouse gas-related costs in the State.”

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