Gov. Jerry Brown predicted last fall that new legislation and administrative actions essential to preserving the state's ambitious climate strategy would give him leverage to negotiate a cap-and-trade extension.
"They're going to get commands to do things," Brown said, directing his remarks at the state's powerful business interests, "and they're going to plead for a market system called cap and trade so they can respond in a way that's more beneficial to their bottom line."
Now, the Democratic governor is urging lawmakers to renew the cap-and-trade program amid signs his forecast was prophetic. Soon after Brown released his proposal this month, the Western States Petroleum Association indicated that the oil industry prefers the flexibility of a market mechanism to more burdensome policies also being contemplated to reduce greenhouse gases.