In The News: “Businesses urge California to extend climate program immediately” — E&E News by POLITICO

This E&E News by POLITICO article reports that a coalition of more than 40 businesses, including oil majors Shell and Phillips 66, as well as utilities Pacific Gas and Electric and Southern California Gas, is urging California lawmakers to reauthorize the state’s cap-and-trade program before the Legislature adjourns on September 12. In a letter to state Senate and Assembly leaders, the coalition calls for swift action to extend the carbon market, warning that uncertainty could disrupt investment and planning.

The article notes that the current law authorizing the program expires in 2030, putting pressure on lawmakers and Gavin Newsom to secure an extension through 2045 before the deadline.

Read the article from E&E News: https://www.eenews.net/articles/businesses-urge-california-to-extend-climate-program-immediately/.