Rhode Island House Bill H5779

Rhode Island 2025 Regular Session

• Introduced: 2/26/25
• Refer: 2/26/25

Caption

Requires oil spill responsible fee from 5 cents to 10 cents. Funds to support climate change initiatives.

Impact

If enacted, H5779 would influence the funding mechanisms for climate change initiatives within the state. The increased fee is projected to enhance the financial resources available for projects dedicated to environmental preservation and pollution reduction. The bill not only emphasizes the importance of tackling oil spills but also extends the fund's usage to support various climate change projects, showcasing a commitment to integrating environmental considerations into state legislation.

Summary

House Bill 5779 seeks to amend certain provisions of the 2021 Act on Climate by increasing the uniform oil spill response and prevention fee from five cents to ten cents per barrel of petroleum products. This fee, which is imposed at the time petroleum products are received at marine terminals, is intended to generate additional revenue for environmental initiatives related to climate change and oil spill prevention. The bill aligns with the broader objectives of reducing emissions and meeting climate-related goals as directed by the Executive Climate Change Coordinating Council (EC4).

Contention

The proposed increase in the oil spill response fee may elicit differing opinions among stakeholders. Proponents argue that raising the fee is a necessary step to ensure that funds are adequately available for vital climate change projects and oil crisis responses, thereby protecting public health and the environment. Conversely, critics may view the fee increase as a financial burden on businesses operating in the state, particularly those relying heavily on petroleum products, and may call for a reconsideration of fiscal policies impacting the industry.