California Democrats trying to slow impact of cap and trade

July 14, 2014

breaking-chevron-oil-refinery-catches-fire-over-s-1-12547-1344319415-3_bigCiting concern over rising gas prices, a group of Democratic California lawmakers are pushing a bill that would delay requiring oil refineries to buy carbon credits under the state’s cap and trade system. [LA Times]

California’s cap and trade system, created under AB 32, will require refineries to buy carbon credits in order to release greenhouse gases into the atmosphere. AB 69, currently in the legislature, would delay the implementation of that rule until Jan. 1, 2018.

Fresno Assemblyman Henry Perea, the sponsor of the bill, said that requiring refineries to buy carbon credits could add at least 15 cents to the price of a gallon of gas, which now tops $4 in many parts of the state.

“The cap and trade system should not be used to raise billions of dollars in new state funds at the expense of consumers who are struggling to get back on their feet after the recession,” Perea said. “In some areas of the state, like the Central Valley, constituents need to drive long distances and they will be disproportionately impacted by rising gas prices.”

Governor Jerry Brown, a proponent of cap and trade, has not yet taken a position on the bill. But, a spokesman for the California Air Resources Board, the agency tasked with implementing the system, spoke in opposition to the bill.

“Having transportation fuels under the cap is essential for California to achieve its AB 32 greenhouse gas emission reduction goals,” said CARB spokesman David Clegern.


32 Comments

  1. Jon Tatro says:

    So these idiots have created higher gas prices and now they are trying to save us from their own idiocy. If you vote for these morons you should pay double for your gas. Wake up America

    Like or Dislike: Thumb up 23 Thumb down 2

  2. Rambunctious says:

    Everyone is talking about the tax involved in this legislation. The important thing to learn hear is in the title…Cap And TRADE as in trade in the stock market. These current office holders in this nation have dollar signs in their eyes. Remember the push to create a law that would make it illegal for sitting office holders to use their knowledge as a member of congress to make monetary gains with said knowledge in the stock market? The politicians from both sides of the isle screamed bloody murder and we never heard of such a law again.
    Everyone in the house and the senate will be able to reap millions of dollars with this sham called cap and trade. They haven’t even proved that carbon is the culprit they say it is yet we are rushing to pass all kinds of freedom killing laws to remedy a hoax. You may not be able to read my post because for some reason this web site has decided that my postings should be held up for approval. It sometimes take 12 hours so be patient.

    Like or Dislike: Thumb up 18 Thumb down 2

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