California’s Proposed Sustainable Aviation Fuel Tax Credit Will Raise Gas and Diesel Prices and Deliver Meager Carbon Reductions

California’s Proposed Sustainable Aviation Fuel Tax Credit Will Raise Gas and Diesel Prices and Deliver Meager Carbon Reductions

“Governor Gavin Newsom is advancing a plan that could funnel hundreds of millions in road dollars to a struggling oil refinery — pitching it as a cleaner jet fuel initiative. The credit, drawn from funds voters designated for highways and local streets, could also raise gas prices for most drivers,” the AP reported in April. “Struggling?” The shareholder returns beg otherwise. And, according to the Securities and Exchange Commission, Q2 alone wa…