California legislators extend LCFS, cap-and-trade programs
July 19, 2017
BY Ron Kotrba
With a bipartisan, two-thirds supermajority vote, California legislators passed AB 398, extending the cap-and-trade and low carbon fuel standard (LCFS) programs from their initial end date in 2020 through 2030.
Renewable Energy Group Inc., the largest U.S. biodiesel producer, applauded California lawmakers for approving the 10-year extension.
“As a leading provider of lower-carbon biomass-based diesel in California and North America, REG is thankful to Golden State legislators for these forward-thinking actions that will further improve California’s carbon reduction efforts and help provide cleaner burning fuel for its citizens,” said Randy Howard, REG’s interim president and CEO. “As a long-time Californian, I have seen firsthand how the LCFS and cap-and-trade have improved our air quality and enhanced our energy security. This long-term commitment will further both of those worthwhile goals and provide many more environmental and economic benefits.”
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