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California Shifts Cap & Trade Plan Into Budget Process, Drawing Industry Ire

May 18, 2017
California Assembly lawmakers appear poised to merge a leading legislative proposal to extend the state's greenhouse gas cap-and-trade program with pending state budget legislation, likely leading to closed-door negotiations between Gov. Jerry Brown (D) and legislative leaders to resolve differences on competing bills. The Assembly's budget “trailer bill” language, if approved by the full chamber, would extend cap-and-trade beyond 2020 under the terms of an Assembly bill that would add strict new conventional air pollution standards for industrial facilities. The...

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