Problem Solvers Caucus is Putting Affordability First

California’s independent oil and gas producers know firsthand how Sacramento’s climate policies translate into real-world prices at the pump and on monthly utility bills. That’s why CIPA is encouraged to see the effective bipartisan, bicameral Problem Solvers Caucus (PSC) step forward with a clear set of reforms to the state’s cap-and-trade program that puts affordability for working families front and center.

CIPA sees the PSC as a growing partner in the energy future of California, with practical leadership. By standing together, Democrats and Republicans alike are showing Californians that it is possible to keep environmental standards high and also ensure that drivers, renters, and small businesses can continue to afford to operate each day.

The Problem Solvers Caucus called for four reforms that align with the principles CIPA has championed:

• Expanding carbon offsets to lower compliance costs and give the market flexibility to find the most cost-effective solutions.

• Protecting trade-exposed industries with output-based free allowances that limit price increases on essential goods like fuel, food, and housing.

• Rejecting the unfair reallocation of natural gas allowances that would hike costs for low-income renters and families.

• Eliminating the emissions containment reserve, a needless price floor that would only drive up costs for consumers.
  

As CIPA CEO Rock Zierman has said, “If climate policy isn’t affordable, it isn’t sustainable.” The Problem Solvers Caucus has taken that truth to heart. Their leadership gives Californians reason to hope that cap-and-trade reauthorization can be done in a way that keeps gas prices down, keeps jobs in California, and keeps our energy reliable.

We look forward to working with these legislators and all who are committed to pragmatic, bipartisan solutions that protect both California families and the industries that fuel our state.