March 20, 2017 - Capitol Public Radio

Governor Brown, Oil Industry Share Interest In Cap-And-Trade Extension

By Ben BradfordGov. Jerry Brown and the oil industry are both pushing to preserve California’s struggling cap-and-trade program. But that will require support from Democratic lawmakers who have doubts about the program. The program allows companies to choose between lowering emissions and purchasing a limited number of credits for them. Sales of the credits have faltered over the past year, which analysts partly attribute to uncertainty about the program. It expires in 2020 and faces a ... Go to story
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