Cap-and-trade returns: NY plans to force big oil to ‘invest’ in ‘green’ by paying for emissions
Fox News
In her State of the State address, NY Gov. Kathy Hochul is expected to propose a cap-and-invest program for energy producers that emit pollution.
A "cap" refers to the limit of greenhouse gas emissions that is imposed by a state. The "cap" is often projected to decrease each year in order to meet climate change prevention goals. Charles Creitz is a reporter for Fox News Digital.
The state then can set up an auction to let energy companies bid on pollution-weight-based "allowances" – the proceeds from which can be invested by the government in "green" initiatives, according to New York Focus. He joined Fox News in 2013 as a writer and production assistant.
Charles covers media, politics and culture for Fox News Digital.
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In her State of the State address, NY Gov. Kathy Hochul is expected to propose a cap-and-invest program for energy producers that emit pollution.
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