California directs billions of dollars to oil and gas companies that produce fuels made from “renewable” sources, such as vegetable oil and dairy cow manure. It does this by setting the rules of a pollution-trading market. Now, with the market rules up for an extension, opponents are lobbying to change them.
The state agency that oversees the market delayed a hearing where it was expected to greenlight a plan to extend the rewards. The California Air Resources Board (CARB) postponed it from March to a later, unspecified date.
