Gas Prices Are Putting Washington's Boldest Climate Policy at Risk [BNN Bloomberg (Canada)]
BP p.l.c. (BP)
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Source: BNN Bloomberg
who say the surefire way to bring down fuel prices is repealing Washington state's most ambitious climate policy: a cap-and-trade program. Created under Washington's 2021 Climate Commitment Act, “cap and invest,” as it's known in the state, requires companies with high emissions to pay for their pollution in a carbon market that began operating last year. It's raised roughly $2 billion to help fund state programs. November's ballot initiative I-2117, bankrolled by a wealthy Seattle-area investor, would repeal that law and prevent anything similar from taking its place. Deep-blue Washington and its outgoing Governor Jay Inslee, who put climate at the top of his agenda, have sought to lead the US in carbon-cutting commitment. But the backlash to his signature policy could come with its own serious costs to the environment that would extend beyond the state. Scrapping cap-and-invest “would dramatically increase pollution that we are fighting in Washington,” Inslee said in a phone i
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