livingston
20×102mm Vulcan
Idiotic ‘cap-and-invest’ program hurt California — and it may be coming to NY next
July 12, 2025,
California is seeing a staggering increase in gasoline prices, and it’s all due to idiotic state policies that may also be coming to New York.
In 2019, New York enacted The Climate Leadership and Community Protection Act. It created a “Climate Action Council” to determine how the state would reduce greenhouse gas emissions 40% below 1990 levels by 2030, and then achieve “carbon neutrality” by 2050.
https://nypost.com/2025/07/12/opinion/cap-and-invest-hurt-california-and-will-be-bad-for-ny/#
The Climate Action Council spent two years formulating targets for slashing the number of homes using natural gas water heaters and furnaces, replacing gasoline-powered cars with electric vehicles, and generating 70% of the state’s electricity from “renewables.” The mechanism to make this happen? A “cap-and-invest” program.
The idea of these programs is to reduce greenhouse gas emissions by charging “polluters” a lot of money for a gradually declining number of “allowances” to operate their businesses. Then the money raised can be spent on projects that further reduce greenhouse gas emissions.
There are signs that Gov. Hochul has cold feet about going forward with the cap-and-invest program that has been in the works for New York. In March, the Department of Environmental Conservation issued proposed regulations for the state’s “Mandatory Greenhouse Gas Reporting Program” revealing that even this preliminary step would not begin until June 1, 2027. That puts the start of higher gas prices safely past the next election.

Idiotic ‘cap-and-invest’ program hurt California — and it may be coming to NY next
California is seeing a staggering increase in gasoline prices, and it’s all due to idiotic state policies that may also be coming to New York.
