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Stock impact report

Gov. Shapiro Drops Cap-And-Trade Program As Spanberger Plans To Rejoin [Forbes]

Radiant Logistics, Inc. (RLGT) 
NASDAQ:AMEX Investor Relations: radiantdelivers.com
Company Research Source: Forbes
in Richmond, means that Virginia will likely soon rejoin the Regional Greenhouse Gas Initiative (RGGI), the cap-and-trade program comprising 10 northeastern and mid-Atlantic states. While Governor Glenn Youngkin (R-Va.) pulled Virginia out of RGGI by executive action in 2023, in November 2024, a circuit court judge ruled that termination of Virginia's membership in RGGI requires legislative approval. Though the case's final outcome is pending an appeal, that legal challenge is likely irrelevant now that Democrats are set to reassume total control of the commonwealth's government in 2026 and are poised to reinstate Virginia's RGGI membership. Just as a judge ruled that Governor Youngkin unlawfully removed Virginia from RGGI without the requisite legislative approval, a Pennsylvania judge ruled in 2023 that Governor Josh Shapiro's (D-Pa.) effort to enter Pennsylvania into RGGI also requires legislative approval, something that Shapiro had not sought. Governor Shapiro had been pursuing Show less Read more
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