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Big Oil spent $10.8 million last quarter to pass Jerry Brown's cap-and-trade bill
by Dan Bacher
Adam Scow, California Director of Food & Water Watch, shed light on why the oil industry was so intent on getting AB 398 passed; it gives loopholes and tax breaks to corporate polluters that could actually result in more, not less, emissions.
“The bill, heavily influenced by the oil and gas industry, makes California’s flawed cap-and-trade system worse by allowing excessive allowances to pollute and preventing local regulation of greenhouse gases,” said Scow. “The climate crisis demands that the State regulate and reduce pollution quickly, but this bill gives polluters loopholes and tax breaks that could result in increased emissions. California’s cap-and-trade system cannot be considered a model for any state or nation that takes the climate crisis seriously.”
Photo: Governor Jerry Brown speaks at the signing ceremony for AB 398 at Treasure Island on July 25. Photo credit: Emily Hagopian.
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