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CA dems hit reverse on climate rule they backed months ago over fears energy market on brink of collapse

New York Post Fews App News Provider
Fews App Post Time 5h ago

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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