May 12, 2017 by Ronjoy Bezbarua
(Source: Los Angeles Times) Gov. Jerry Brown said Thursday there’s “a very good chance” of reaching a deal in the next month to extend California’s cap-and-trade program for reducing greenhouse gas emissions. Brown has urged lawmakers to finish negotiations before the June 15 deadline for approving a new state budget. There are significant disagreements over how the program should operate, but the governor pointed to support from business groups and even some Republicans. Reaching the two-thirds vote threshold the governor wants to insulate the program from legal challenges could prove difficult — especially soon after a bruising battle over raising the gas tax to pay for road repairs — and some legislative leaders have been skeptical of the deadline. Brown emphasized the money generated by cap-and-trade that is being spent to reduce greenhouse gas emissions in disadvantaged neighborhoods. Read full article….