The cap-and-trade program has generated billions of dollars for the state by creating credits, which companies must buy to allow their emissions.
But the program is set to expire in 2020 and also faces a lawsuit challenging its legality.
This week, Governor Brown proposed withholding future cap-and-trade dollars until lawmakers extend the program with two-thirds majority votes that could clear up the legal issues.
The bill is one-sentence. It gives regulators authority to continue the program past 2020.
Most noteworthy is one of the authors—Assemblyman Jim Cooper is a leader of a bloc of moderate Democrats in the Assembly, many of whom did not support the program’s extension last year.
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