Fueling Poverty, Not Progress: Why Extending Cap and Trade to 2045 Is a Bad Deal – California Globe

Fueling Poverty, Not Progress: Why Extending Cap and Trade to 2045 Is a Bad Deal – California Globe

As President Donald Trump champions a “big, beautiful” economic revival, California’s cap-and-trade program stands as a stark reminder of legacy policies that burden everyday Americans for no clear gain. This system, which forces oil companies to buy emission allowances to cover the carbon emissions from the fuel they sell, drives gasoline prices to punishing heights. This hits (you guessed it) working-class Californians the hardest. But just as…