Oregon Lawmakers Consider Cap-and-Trade as Funding Solution
In a surprising turn of events, Oregon lawmakers are revisiting the contentious cap-and-trade system as they scramble to secure funding for essential infrastructure like roads and wildfire prevention. With the legislative session nearing its end, discussions have intensified, particularly following a memo from Sen. Chris Gorsek and Rep. Susan McLain, which highlighted "significant progress" on a proposed transportation funding bill.
The cap-and-trade system, which allows polluters to buy and trade greenhouse gas emissions credits, has gained support primarily from industry leaders who previously opposed it during failed attempts in 2019 and 2020. Leading these discussions is Sen. Bruce Starr, R-Dundee, who, alongside key legislative figures, is exploring the abandonment of the current emissions reduction program in favor of a cap-and-trade framework more appealing to some utilities.
The complexities of launching such a system just weeks before the session’s close present substantial challenges. Although proponents assert it could generate new revenue for road projects, wildfires, and climate initiatives, skepticism remains. Notably, environmental advocates express concern over the potential misallocation of funds, emphasizing the risk of exacerbating climate change by redirecting money towards infrastructure that could facilitate it.
While Democrats and some industry players are cautiously optimistic, significant doubts linger about the feasibility of crafting a comprehensive cap-and-trade proposal that could garner bipartisan support. Questions regarding its political viability are compounded by apprehensions from both environmental groups and certain business interests.
Governor Tina Kotek, who has previously pushed for cap-and-trade, acknowledged the need for careful consideration of any proposal that emerges. As the deadline looms, Oregon faces a critical juncture in its legislative efforts to address environmental and infrastructural needs simultaneously.
This report is part of the Northwest News Network, a collaborative effort by public media in Oregon and Washington.
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