10/14/2019

Industry Groups Stir Opposition to a Cap-and-Trade Expansion They Say Will Lead to Higher Gas Prices

In a conference call with oil industry analysts in late 2012, Mike Wirth, a Chevron Corp. executive, took stock of California’s greenhouse gas reduction policies and warned that the state’s plan to expand its controversial cap-and-trade program to vehicle fuels in 2015 would result in higher prices at the pump.

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