Oregon Lawmakers Revive Controversial Effort to Implement Cap-and-Trade System
- Oregon legislators, led by Democratic co-chairs Chris Gorsek and Susan McLain, revived a cap-and-trade system proposal on Thursday to fund transportation and wildfire needs.
- This move follows ongoing budget struggles and comes a day after most Republicans backed a competing plan prioritizing roads over transit and pedestrian safety.
- The proposal envisions replacing Oregon's Climate Protection Program with a market-based program linking to West Coast states, dedicating auctioned emission credits for roads, wildfire mitigation, nonprofits, and transit.
- Gorsek and McLain said they made "significant progress" developing a bipartisan plan addressing safety, maintenance, and sustainability amid a five-week legislative deadline.
- While the cap-and-trade system could generate substantial new revenue similar to Washington's $2.8 billion, political opposition and tight timing make its passage uncertain this session.
12 Articles
12 Articles
Oregon lawmakers look to reshape cap-and-trade program to pay for transportation needs • Oregon Capital Chronicle
Traffic sometimes flows on Interstate 5 in Portland but is often bunched up around the Rose Quarter. (Oregon Department of Transportation/Flickr)This is a developing story and will be updated. As Oregon lawmakers scrounge for ways to pay for hundreds of millions in transportation needs, they’ve dug up a new twist on an old plan: allowing polluters to buy and trade carbon credits. In a memo to House and Senate caucus leaders on Thursday, transpor…
Oregon lawmakers look to reshape cap-and-trade program to pay for transportation needs
As Oregon lawmakers scrounge for ways to pay for hundreds of millions in transportation needs, they’ve dug up a new twist on an old plan: allowing polluters to buy and trade carbon credits. In a memo to House and Senate…
Oregon lawmakers revive controversial effort to implement cap-and-trade system
A key group of lawmakers have proposed that Oregon shift to a market-based emissions allowance system that could fundamentally alter the state’s regulation of companies that emit pollution in order to help fund two of the Legislature’s top priorities this session.
Advocates in shock as Dems float 'cap and pave' plan while funding bill remains secret
(Photo: Jonathan Maus/BikePortland) With just five weeks remaining in the 2025 legislative session, lawmakers have yet to unveil the details of a transportation funding package. This delay was brought into even sharper focus when the two co-chairs of the committee the bill is being crafted in released a memo Thursday with an update on their progress. Among the list of items leaders of the Joint Committee on Transportation Reinvestment (TRIP) upd…
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