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Bill > S0246


RI S0246

RI S0246
Raises the minimum fee per barrel of petroleum products or crude oil from five cents ($0.05) to ten cents ($0.10) per barrel as part of the uniform oil spill response and prevention fee.


summary

Introduced
02/13/2025
In Committee
06/05/2025
Crossed Over
06/10/2025
Passed
Dead
06/20/2025

Introduced Session

2025 Regular Session

Bill Summary

This act would raise the minimum fee per barrel of petroleum products or crude oil from five cents ($0.05) to ten cents ($0.10) per barrel as part of the uniform oil spill response and prevention fee. Use of the fund would be expanded to support projects and initiatives to reduce emissions and meet the act on climate goals as directed by the executive climate change coordinating council (EC4). This act would take effect upon passage.

AI Summary

This bill increases the oil spill response and prevention fee from 5 cents to 10 cents per barrel of petroleum products or crude oil, with the additional funds being directed to support climate change initiatives. The bill expands the purpose of several existing funds, including the RGGI-executive climate change coordinating council (EC4) projects account, the oil spill prevention fund, and the underground storage tank fund, to now explicitly include supporting projects that reduce greenhouse gas emissions and help meet the state's climate goals. Specifically, the bill allows these funds to be used for initiatives approved by the EC4 that aim to reduce climate emissions, in addition to their existing purposes of environmental protection and cleanup. The new provisions will enable more financial support for climate change mitigation efforts by leveraging existing fee structures and fund mechanisms. The bill takes effect immediately upon passage, allowing for quick implementation of the expanded funding opportunities for climate-related projects.

Committee Categories

Budget and Finance

Sponsors (10)

Last Action

Senate passed Sub A (on 06/10/2025)

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