EDF Statement on Senate President pro Tem Darrell Steinberg’s Proposal for California Cap and Trade Revenue Investment

NEWS RELEASE

Contact:
Joaquin McPeek, jmcpeek@edf.org, 916-492-7173

“EDF commends Senator Steinberg for his commitment to investing cap-and-trade revenues in ways that will cut pollution and make our communities more sustainable.  We support the change in direction of this bill which ensures that an absolute limit on over 85% of climate pollution in California remains intact.  

“There is more work to be done to ensure the bill is consistent with the funding metrics and priorities developed through the investment plan and the public process that preceded it.  We look forward to working with the Legislature, Governor Brown, and other partners to seize the best opportunities to support our most disadvantaged communities and spur California’s economy toward a low-carbon future.”

-Lauren Faber, West Coast Political Director, Environmental Defense Fund

With more than 3 million members, Environmental Defense Fund creates transformational solutions to the most serious environmental problems. To do so, EDF links science, economics, law, and innovative private-sector partnerships to turn solutions into action. edf.org