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Home – Political News – Will California’s Climate Goals Make Gas More Expensive? 

Will California’s Climate Goals Make Gas More Expensive? 

The war between affordability and climate activism continues to rage on in California after a recent decision by the California Air Resources Board to update its cap-and-invest program left both environmental activists and the oil industry upset.

The program was first authorized in 2006 as a way to limit greenhouse gas emissions and incentivize “major polluters” to invest in cleaner energy. After multiple revisions to its goals over the years, CARB is now planning to achieve 40% fewer emissions than it had in 1990 by the year 2030.

This is done through various methods, but the most effective is penalizing companies that naturally produce more emissions than others, such as oil refineries, by requiring them to pay for permits that allow them to continue emitting carbon.

However, CARB had to rethink its goals after two major oil refineries shut down in the state, and officials are warning that war in the Middle East could leave Californians without much of the oil they depend on, making gasoline at the pump, and even air travel, unaffordable.

Chevron was particularly outspoken on the subject, sending a letter to CARB warning that if the........

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