Source: New York Post
A group of California Democrats who voted to update the state’s cap-and-invest climate program last year are now urging regulators to go back to the drawing board on a key part of the policy — warning it could further destabilize the state’s energy market and drive prices even higher. Fifteen Democratic Assembly members sent a letter Monday to the California Air Resources Board (CARB) asking the agency to reconsider proposed amendments to the state’s cap-and-invest program covering fuels, gas and electricity. California’s cap-and-invest program works by placing a limit, or “cap,” on greenhouse gas emissions and forces major polluters to buy allowances for greenhouse gas emissions.
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