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|    alt.politics.economics    |    "Its the economy, stupid"    |    345,374 messages    |
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|    Message 345,170 of 345,374    |
|    Leroy N. Soetoro to All    |
|    Should California's climate budget pay f    |
|    23 May 25 00:20:09    |
      XPost: ca.environment, alt.politics.democrats, alt.fan.rush-limbaugh       XPost: talk.politics.guns, sac.politics       From: leroysoetoro@americans-first.com              https://smdp.com/news/environment/should-californias-climate-budget-pay-       for-high-speed-rail-and-firefighters-newsoms-new-plan-triggers-fiery-       debate/              California Gov. Gavin Newsom wants to tap at least $2.5 billion from the       state’s climate fund to pay for state firefighting crews and the long-       troubled high-speed rail project.              In his budget proposal unveiled last week, Newsom announced that he is       seeking to extend the state’s landmark cap and trade program, which is       funded by credits bought and sold by major polluters, through 2045. But       the allocation of the money is already triggering a fervent debate among       state lawmakers.              Large polluters, such as oil refineries and power plants, pay for their       greenhouse gases through a market system of auctioned credits called cap       and trade. Over the past 11 years, almost $13 billion from cap and trade       auctions has already been spent on electric vehicles, public transit,       clean energy and other projects to reduce greenhouse gases and adapt to       climate change.              The governor’s new plan would commit $1.54 billion of the 2025-26 climate       funds, and more in later years, to pay for Cal Fire’s “fire prevention,       fire control, and resource management activities.” That would amount to       more than a third of the state fire agency’s $4.47 billion budget,       according to the governor’s proposed budget. Wildfires have grown more       extreme because of climate change, straining Cal Fire’s resources.              In addition, through 2045, the governor’s plan would earmark at least $1       billion a year of the climate funds to the California high-speed rail       project, which aims to connect Los Angeles to San Francisco. The project,       which has been beset with construction delays, cost overruns and fights       about the route for years, was allocated $407 million of cap and trade       money last year.              Combined, the firefighting and high speed rail costs could consume more       than half of the projected $4.8 billion that cap and trade would provide       in the next fiscal year.              Newsom’s proposal to extend California’s cap-and-trade program, which       expires in 2030, for 15 more years could spark one of the year’s most       consequential fights in the Legislature over climate change.              The push to extend the program is bound to be contentious, particularly if       Newsom seeks a two-thirds vote of the Legislature, as various groups       jostle for a slice of the funding. Watchdogs, policy analysts and       environmental justice advocates also have raised concerns about how the       program is structured and who benefits the most.              Many legislators have already expressed concerns about the use of climate       funds to pay for firefighters and high speed rail. Some lawmakers and       other critics and analysts say diverting the money would mean cutting       other priorities, such as the transition to electric vehicles.              “You’re going to have some tough choices,” said Helen Kerstein, who tracks       the cap and trade program for the nonpartisan Legislative Analyst’s       Office. “You can’t add $1.5 billion — and growing — and not take anything       away, at least in the near term, given current projections.”              Assemblymember Lori Wilson, a Democrat from Suisun City, said she is       concerned that using climate fund money to pay for Cal Fire’s activities       could crowd out spending that has already been promised to reduce       emissions from cars and trucks and fund mass transit.              Transportation “is the largest single source, but the hardest to       decarbonize,” Wilson said. “And the whole point is to transition, which is       why those investments (are) necessary.”              A coalition of environmental justice groups said the governor, by using so       much money for high speed rail and general fund expenses, is leaving       inadequate money “for extreme heat impacts, affordable housing, clean       drinking water, and other critical environmental programs that reduce       greenhouse gasses and clean up contaminated air, water and soil that pose       direct threats to public health.”              The cap and trade proposal came as California faces a $12 billion budget       deficit. By proposing the cap and trade extension as an addition to the       budget bill, which moves through the legislative process faster than       standalone bills — Newsom could sidestep what might otherwise be a longer,       more contentious climate debate.              The move links the reauthorization of the program to broader budget       negotiations — boosting the governor’s leverage but reducing legislative       oversight and public input.              Assemblymember Cottie Petrie-Norris, a Democrat from Irvine, protested the       governor’s moves at a committee meeting on Thursday.              “This is probably the most challenging budget situation the state of       California has faced in at least the last seventeen years. We are going to       be grappling with some very, very tough choices, very tough decisions,”       she said. “Trying to then layer in, and shoehorn in, the reauthorization       of our landmark climate cap and trade — cap and invest — program seems       kind of insane to me.”              Newsom’s proposed extension of the program — which he wants to rename “cap       and invest” — comes after President Donald Trump attacked it in an       executive order targeting blue-state climate initiatives. The order       singled out California’s cap and trade program as forcing businesses to       meet “radical requirements.”              Newsom framed his cap and trade proposal in the resistance language       reminiscent of clashes during the first Trump era. “California won’t bend       the knee to a federal administration hellbent on making America polluted       again,” Newsom said in a statement.              But some state lawmakers are already questioning key parts of the plan.       Assemblymember Steve Bennett, a Democrat from Oxnard, questioned during       the hearing Thursday whether revenues from cap and trade could       realistically cover all of Newsom’s promises.              “So, in a sense you’re proposing more money than we’re saying we have?”       Bennett, chair of the committee, asked Newsom administration officials       from the state Department of Finance.              Bennett was also openly skeptical of continuing to use cap and trade money       to pay for the high-speed rail project, which has ballooned to a cost of       $128 billion. “We need to… make sure we don’t have a train to nowhere,” he       said.              Through 2030, 25% of all cap and trade money is earmarked for high speed       rail under state law. A bill in the Assembly authored by a Republican that       would eliminate that earmark has not moved forward.              Newsom said at his budget briefing Wednesday that his “commitment (to high       speed rail) is firm.”              “Real tracks are being laid…so I want to get it done,” Newsom said.       “That’s our commitment. That’s why it’s still reflected in the cap and       trade extension.”                     [continued in next message]              --- SoupGate-DOS v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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