California Senate Democrats

political group

Last mentioned: 2d ago

Timeline

  1. Senate Budget Counterproposal ("Deal is a Deal")

    Senate Democrats release a spending proposal that blocks the new permit program until the 2025 climate deal is fully funded, threatening to hold up Newsom’s priorities including high-speed rail and EV tax credits.

  2. CARB Incentive Program Created

    The California Air Resources Board, under pressure from Newsom and oil industry lobbying, creates a program offering free pollution permits worth up to $4 billion, half for fossil fuel companies.

  3. Market Extension and 'Cap and Invest' Deal

    Governor Newsom and the Legislature agree to extend the carbon market through 2045, rebranding it 'cap and invest' and earmarking billions for transit, water, housing and discretionary projects.

  4. Cap-and-Trade Launch

    California launches its carbon trading program, setting a price on greenhouse gas emissions.

Stories mentioning California Senate Democrats 1

Climate Policy Bearish

$4B Carbon Giveaway Threatens CA’s Climate Deal, Senate Blocks Newsom

California Senate Democrats are leveraging the budget to stop a $4 billion free permit program for oil refineries, warning it would break the 2025 cap-and-invest deal and gut funding for clean transit, safe water, and housing. The standoff also imperils Governor Newsom’s high-speed rail, wildfire, and EV tax credit initiatives, raising alarms for the integrity of the state’s carbon market.

2 sources

About California Senate Democrats coverage

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