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Renew Act Would Charge Fossil Fuel Companies

March 13th, 2024 by WCBC Radio

House Bill 1438, the RENEW Act, says it would invest $900 million a year for ten years without costing Maryland taxpayers a penny.  How?  By requiring fossil fuel companies such as natural gas and coal to pay a one-time fee for their historical emissions. Jamie DeMarco, Maryland Director of the Chesapeake Climate Action Network – says this bill will generate funds for climate progress…