Gov. Gavin Newsomās new carbon market rules threatened climate funding for water, air and transit projects. A last-minute compromise between him and lawmakers provides some funding to narrow that gap.
California bars utilities from cutting off power to customers who fall behind on their bills when itās dangerously hot outside ā a basic safety protection. Losing power in some rural areas can also mean losing water, and in cities, having no way to cool down can be dangerous, even deadly, when hot weather spans several […]
California is considering handing oil refineries and other major polluters billions of dollars in free emission allowances just as the state says carbon reductions need to come faster than ever. In the last six months, two refineries have closed and gas prices have topped an average of $6 a gallon as the Iran-Israel war sent […]
Should California pension funds invest in fossil fuels? How about Tesla and Palantir? Or companies with anti-union records? Those debates are playing out at CalPERS and CalSTRS.
Climate programs cause smaller costs in California's gas prices, but the limited supply routes and a highly concentrated refining market cause bigger price boosts.