Final Push For California Cap-N-Trade Extension Is About Money, Not Global Warming

Whiskey Tango Texas

http://image.sbsun.com/storyimage/LG/20170714/LOCAL1/170719699/AR/0/AR-170719699.jpg&maxh=400&maxw=667Gov. Jerry Brown is racing to convince state lawmakers to extend California’s cap-and-trade program which puts a price on carbon emitted by polluters, including oil refineries like the Valero Benicia Refinery seen Wednesday, July 12, 2017, in Benicia, Calif. (AP Photo/Rich Pedroncelli)

There is one thing that is not up for discussion as Gov. Jerry Brown battles to win support for the extension of California’s cap-and-trade program: the flow of cap-and-trade funds to the bullet train.

“If that’s a killer for you, then you have a dead body,” Brown told this newspaper’s editorial board.

The governor is urgently pressing the Legislature to pass Assembly Bills 398 and 617, two bills that are the product of months of private negotiations to reauthorize the cap-and-trade program for an additional 10 years. It’s currently set to expire in 2020.

What’s the rush? Brown says the world is hurtling toward catastrophic climate change…

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