California Climate Deal Could Net Big Bucks for Polluters

By Julie Cart and Laurel Rosenhall, CALmatters

Against the sparkling backdrop of sailboats bobbing on San Francisco Bay, Gov. Jerry Brown last month signed a bill extending California’s cap-and-trade program, assuring that the most high-profile piece of the state’s fight against climate change persists for another decade.

In a Sacramento hearing room two days later, the California Air Resources Board approved a paragraph, tucked within a 17-page resolution, that will likely result in benefits worth hundreds of millions of dollars for the oil and agriculture industries. It was the first domino to visibly fall as a consequence of behind-the-scenes dealmaking that produced a cap-and-trade program acceptable to both key environmental groups and major polluters.

Read the complete story at CALmatters. 

For more information about California’s cap-and-trade program, read the San Francisco Public Press (in collaboration with Earth Island Journal and Bay Nature magazine) special report on climate change.