Legislative leaders allot money to study cap and trade policy impacts
Supporters of Oregon's cap and trade bill say their plan isn't dead yet — even though lawmakers failed to pass it in the short 2018 legislative session.
House Speaker Tina Kotek, D-Portland, and Senate President Peter Courtney, D-Salem, have a plan to revive the controversial bill, which aims to reduce the state's contributions to climate change.
They're setting up a new joint committee on carbon reduction and devoting $1.4 million to a new carbon policy office.
Kotek says the money will pay for studies on the economic impacts of cap and trade and ways to sequester carbon on Oregon land.
"We want to get it right ... and if we need a little bit more time for the details, let's take it and make sure we have a program ready to roll in 2019," Kotek said.
To read the rest of this story, see www.opb.org/news/article/oregon-climate-policy-second-chance/