California plans to overhaul one of its cornerstone climate programs — a decision that could push gasoline prices higher in a state where residents already pay the most at the pump.
On Nov. 8, just three days after an election marked by concerns over rising costs, the California Air Resources Board will hold a public hearing and vote on its plan to amend the Low Carbon Fuel Standard.
The program, which has existed since 2011, is a $2 billion credit trading system that requires fuels sold in California to become progressively cleaner, while giving companies financial incentives to produce less-polluting fuels, such as biofuels made from soybeans or cow manure. The standard has helped the state phase out fossil fuels to clean up air pollution and cut climate-warming gases.
The concern over gas prices has been part of the debate since last December, when the plan was released. Much of the agency’s overhaul, however, has focused on highly technical disputes between oil companies, dairy farms, biofuel and other lower-carbon fuel companies, and environmental justice advocates who say the program maintains polluting industries.
But as the election has approached — with costs and affordability of top concern for voters — Republicans in California’s state Legislature have urged a delay in the fuel standard changes, saying they could further drive up gasoline prices. They also have criticized Gov. Gavin Newsom, who recently declared victory over Big Oil during a special legislative session, for not doing enough to cut gas prices. On Thursday, California Republicans in the U.S. House of Representatives also urged a delay in the air board plan.
The…
Read the full article here
