by Jacques Leslie, Los Angeles Times
Many Californians take pride in the state’s position on the front lines of the global climate change struggle, but the dismal performance of its centerpiece climate program — cap and trade — shows that in a crucial way the state’s reputation is undeserved. Even here, in the heartland of climate awareness, it turns out that the oil industry calls the most important shots.
A revelatory November report by ProPublica delineates how the oil industry has successfully gamed the cap-and-trade program. The system is supposed to force a gradual decline in carbon dioxide emissions by issuing polluting companies an annually decreasing number of permits to pollute, but it has granted so many exceptions that the program is nearly toothless.
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