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'Cap-and-Invest' raises gas prices without doing anything for climate

California Post·Jon Fleischman·25 days ago
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Sacramento has a problem with Cap-and-Invest, the “climate change” premium that adds at least 20 cents per gallon to the price of fuel in California. The program works as designed. It makes energy, fuel, shipping, construction, farming and running a business more expensive. Then Sacramento pretends to be shocked that California is unaffordable. Sacramento has a problem with Cap-and-Invest, the “climate change” premium that adds at least 20 cents per gallon to the price of fuel in California. Anadolu via Getty Images Then Sacramento pretends to be shocked that California is unaffordable. AP The California Air Resources Board is trying to redesign the state’s emissions-trading program, formerly known as “Cap-and-Trade,” and now rebranded as “Cap-and-Invest.” The name has changed. The policy has not. Environmental groups say CARB’s proposed changes weaken the program. Oil and gas interests warn tougher rules could destabilize California’s fuel supply.…

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