California Business Groups Urge Delay on Cap-and-Trade Vote (1)

Business groups urged California lawmakers on Monday to scrap reauthorizing the state’s cap-and-trade greenhouse gas emissions reduction program before adjourning on Sept. 12.

Lawmakers are trying to extend the 12-year-old program even though it doesn’t expire until 2030.

Trade groups, including the California Chamber of Commerce, issued a statement that lawmakers should continue discussions into next year rather than pushing for a last-minute vote on a renewal.

“We are deeply disappointed by the inaction and inability to seize the moment and secure our shared future,” Jennifer Barrera, president and CEO of the California Chamber of Commerce, said in a statement. ...