Industry Lines Up Behind California Cap-and-Trade Program
Urges Passage of Legislation to Extend to 2030
68 Companies and Associations Sign Letter
June 12, 2017
Pasadena, CA – Nearly 70 leading clean transportation companies and business associations expressed their strong support for the extension of California’s Cap-and-Trade program and urged legislative leaders and the Governor to extend the program through 2030. The group of businesses said the program is working and leading to job growth in California.
The signatories ranged from an international oil company, Neste, to Southern California Edison to Tesla Motors to the Silicon Valley Leadership Group. The letter said that ongoing uncertainty around the future of the program is hampering investment. The letter is available at http://www.calstart.org/Policy/Cap-and-Trade.aspx.
According to the signatories, California’s current suite of policies has led to new investments in the state, job growth, and cutting edge technologies. Tesla Motors is currently the leading manufacturer in the State of California.
The group said that the Cap-and-Trade program has generated significant revenues and provided funding for key programs such as incentives for zero- and near-zero emissions cars, trucks, and buses.
“Cap-and-Trade is a good policy because it relies on the market to solve the problem, while making the polluters pay for the climate impacts of their product,” said CALSTART President and CEO, John Boesel. “The clean transportation tech industry stands solidly behind Cap-and-Trade and urges the legislature and Governor to take action and extend the measure this year. The time is now to end the uncertainty around this program,” said Boesel.
The coalition letter was organized by CALSTART, a California headquartered non-profit organization that is working to clean the air, prevent harmful climate change, and create jobs by accelerating the growth of the clean transportation technology industry. For further information about CALSTART visit www.calstart.org.