Cap-and-trade returns: NY plans to force big oil to ‘invest’ in ‘green’ by paying for emissions (1 Viewer)

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    In her State of the State address Tuesday, New York Democratic Gov. Kathy Hochul is expected to lay out her "Cap & Invest" anti-pollution program that critics warn will cause gasoline and utility costs to soar in the already fossil-fuel-averse state.

    The plan seeks to reduce emissions by levying companies for their greenhouse gas outputs and investing that money into initiatives like retrofitting buildings to run on green electric power.

    A "cap" refers to the limit of greenhouse gas emissions that is imposed by a state. The "cap" is often projected...

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