With Cap and Trade on Fumes, Some Oregon Libs Propose Cap Now, Trade Later – NTK Network With Cap and Trade on Fumes, Some Oregon Libs Propose Cap Now, Trade Later

With Cap and Trade on Fumes, Some Oregon Libs Propose Cap Now, Trade Later

As the cap-and-trade effort fades in 2018, some Democrats desperate for a win are proposing to cap carbon emissions now and come up with a plan later.

By NTK Staff | 02.21.2018 @3:00pm
With Cap and Trade on Fumes, Some Oregon Libs Propose Cap Now, Trade Later

In a ‘Hail Mary’ attempt at accomplishing something resembling California cap and trade, a few Oregon liberals are proposing a new plan that would cap carbon emissions in the state now and come up with a plan “on how to meet the limits” later.

Portland Business Journal reported:

Looking for a way to get a cap-and-trade bill through the Oregon Legislature this year, House Speaker Tina Kotek on Tuesday proposed enacting hard limits on greenhouse-gas emissions this session while giving lawmakers until the middle of next year to pass a law that spells out how to meet the limits.

Under the Portland Democrat’s amendment to House Bill 4001, if the Legislature failed to pass a cap-and-trade law by August 2019, state environmental regulators would be required to implement a program by 2021.

Democrats argue the proposal is the result of listening to people and businesses who are concerned about the cap-and-trade effort. But it seems more like the effort is a result of increasing doubts around the rushed proposal.

The editorial board for The Oregonian blasted cap and trade in an editorial last week, calling it “half-cocked,” “confusing,” and scary.

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