Dossier
cap-and-invest
Coverage of cap-and-invest in the Nexus archive.
- Aging oil refineries don’t need more public dollars. California should let them retire
Aging oil refineries in California, such as Phillips 66 and Valero Benicia, have shut down, reducing the state’s refining capacity by 17%. The article argues California should stop subsidizing these aging refineries and instead focus on ensuring gasoline supply stability through imports and infrastructure, while supporting environmental regulations and the shift to electric vehicles.
- California cap-and-invest proposal would threaten state climate goals
California’s top air regulator proposed changes to the state’s cap-and-invest carbon market program. Key lawmakers and environmental groups argue the overhaul would undermine the program and California’s decarbonization goals.