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Posts Tagged ‘cap and trade’

Earlier this year oil companies began spinning up a new attack on AB 32 and the state’s wildly successful cap-and-trade system. They convinced a few moderate Democrats that applying cap-and-trade to fuels this coming January would ruin their political chances this November, as it would supposedly cause gas prices to soar. Those Democrats wrote a […]

Aug 25th, 2014 | Filed under Uncategorized

Oil companies have been pressuring skittish Democrats to remove fuels from the cap-and-trade system, even though doing so would significantly reduce the revenues that system brings in. But help is on the way, pledges Tom Steyer: Billionaire environmental activist Tom Steyer, who has pledged to spend $100 million in the midterm elections to push his […]

Jul 29th, 2014 | Filed under Uncategorized

A common criticism leveled against the California high speed rail project is that private investors haven’t committed anything to the project. That’s always been a flawed argument. This blog has repeatedly made the point that private investment will show up once the state government has shown it is committed to delivering its own funding to […]

Jul 21st, 2014 | Filed under Uncategorized

California Democrats just adopted a budget that includes ambitious spending plans for cap-and-trade revenues. That’s as it should be. But you’d think Democrats would be a bit more cautious before they go undercutting the source of those funds. That is what 16 Democrats are proposing to do. They recently wrote to the California Air Resources […]

Jul 6th, 2014 | Filed under Uncategorized