Policymakers are considering how California should cut global warming emissions by 40% between 2020 and 2030, and whether to extend the state’s cap-and-trade program beyond 2020. The oil industry supports the cap-and-trade program but wants to roll back California’s Low Carbon Fuel Standard. They argue the two policies just don’t mix—like oil and water, you might say. However, I see the two policies more like peanut butter and jelly—they are good on their own but so much better together. Read more >
