Tag: capandtrade

US Politics

California's Cap-and-Trade Program: From Climate Solution to Political Slush Fund

California's cap-and-trade program has evolved into a multi-billion dollar revenue source being diverted to projects with minimal emissions impact while functioning as a hidden tax on consumers. This represents a disturbing betrayal of environmental principles and fiscal responsibility that ultimately punishes taxpayers while failing to address climate change effectively.

US Politics

California's Climate Capitulation: The $4 Billion Giveaway That Undermines Democracy and the Planet

Governor Gavin Newsom's administration is proposing a multi-billion dollar subsidy in the form of free pollution permits for oil refineries and major industrial polluters, a move environmentalists warn catastrophically weakens California's primary climate program. This capitulation to industry lobbying represents a stunning betrayal of climate ambition, prioritizing corporate profits over public health, environmental justice, and the state's own legally binding emissions targets.