Press Article
Oregon Lawmakers Revisit Cap-and-Trade Proposal Amid Transportation Funding Crisis
As Oregon grapples with funding for roads and wildfire prevention, a new push for a cap-and-trade system has emerged, once again igniting a contentious debate that some believed had been settled. The proposal allows polluters to purchase emission credits and trade them to comply with state-determined emissions caps, aimed at reducing greenhouse gases.
Leading the charge is Senator Bruce Starr, alongside House Speaker Julie Fahey and Senate President Rob Wagner, as they explore funding strategies for infrastructure projects. Recently, senators Chris Gorsek and Susan McLain hinted in a memo about integrating cap-and-trade into a broader $1 billion annual transportation funding package, which could include tax increases.
The idea raises eyebrows, given that similar agendas were quashed in the past by Republican-led walkouts in 2019 and 2020. While some industry players now favor the cap-and-trade model, they were previously instrumental in derailing earlier attempts. The proposed system, reflecting those in California and Washington, could generate revenue through auctioned pollution allowances, potentially funding road maintenance, wildfire response, and transit efforts.
Nevertheless, the legislative window is narrowing, with only weeks left in the session. Questions linger regarding political feasibility—whether the allure of funding will persuade Republicans who heavily opposed past measures, or satisfy Democrats attached to existing regulations.
Critics, including various environmental organizations and even certain business groups, express skepticism. They argue that using cap-and-trade revenue for road projects might contradict climate goals, while emphasizing that genuine discussion lacks input from crucial environmental stakeholders.
Governor Tina Kotek remains cautious, signaling an openness to reviewing the proposal as discussions evolve. The political stakes in Oregon remain high, making the upcoming weeks pivotal in determining the future of transportation funding and climate policy.
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