OLYMPIA — The Senate budget committee Monday rejected a Republican proposal to set aside $32 million to reimburse farmers paying cap-and-trade surcharges on fuel used to transport agricultural products. Sen. Mark Schoesler, R-Ritzville, said the Inslee administration has failed to keep cap-and-trade from raising farming costs, as was promised in the Climate Commitment Act passed […]
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Editorial: Carbon credit auction is a perilous experiment
Anyone who maintains that Washington’s carbon credit mandate will have a minimal impact on consumers need only look at the results of the first auction. The take — $299.7 million — was 50% higher than the state had estimated. Some 6.18 million carbon allowances sold for $48.50 each, the Department of Ecology announced one week […]