cap-and-trade

Petitions filed for initiative to erase Washington’s ambitious climate law

BY: - November 21, 2023

Washington’s controversial carbon pricing scheme drew fire and praise Tuesday as critics turned in signatures for an initiative to repeal the program, while its architects, including the governor, vowed to fight the measure should it reach the ballot. Shortly before 1 p.m., opponents, led by a hedge fund manager and the leader of the state […]

Inslee appointees oppose merging Washington’s carbon market with California, Québec

BY: - November 13, 2023

Gov. Jay Inslee is pressing ahead with plans to combine Washington’s carbon market with ones in California and Québec despite opposition from a statewide panel of his own appointees. The Environmental Justice Council says the merger could hurt communities where pollution causes the most harm and weaken existing air quality improvement programs. Council members informed […]

Sparring on WA initiatives begins as signature-gathering continues

BY: - October 20, 2023

Brian Heywood didn’t bristle Friday on hearing initiatives he’s bankrolling with his own millions came up big losers in polling carried out by opponents of the measures. The conservative hedge fund manager laughed. “I hope they believe their polls with their entire souls,” he said. Heywood has provided $5 million for signature-gathering for six initiatives. […]

Searching for fixes to the farm fuel carveout in Washington’s climate law

BY: - September 18, 2023

Farmers and truckers say the state is ignoring their ideas for how to fix a troubled exemptions system that is supposed to shield them from fuel price hikes under Washington’s new climate law.  The Washington State Department of Ecology launched a series of stakeholder meetings this summer to iron out the exemptions, which are available […]

Millions more in revenue expected as Washington conducts third pollution allowance sale

BY: - August 30, 2023

Washington held its third quarterly cap-and-trade auction Wednesday, with 8,585,000 pollution allowances available for purchase. It’ll be another week before the state Department of Ecology reveals how many sold and at what cost. If history is any indicator, allowances will be snapped up.  Washington collected a total of $857 million from its regular quarterly auctions […]

Extra cap-and-trade auction may net $62M for Washington

BY: - August 16, 2023

A special auction of pollution allowances on Aug. 9 likely generated $62.5 million for Washington, revenue that the state can funnel into programs to reduce greenhouse gas emissions and fight climate change. During the three-hour bidding window, all 1,054,000 allowances offered were sold at preset prices, the state Department of Ecology reported Wednesday. Two batches […]

High prices trigger special auction of emission allowances

BY: - August 7, 2023

Washington will sell a limited number of emission allowances Aug. 9 in response to higher-than-expected prices in the most recent auction of the state’s cap-and-trade program. The special auction is from the Allowance Price Containment Reserve, a separate pool of allowances made available when the prices at a quarterly auction exceed a certain level, state […]

California gas prices rise to most expensive in U.S., leaving Washington in 2nd place

BY: - August 3, 2023

After more than a month as the state with the highest gasoline prices in the country, the average cost for a gallon of regular unleaded in Washington slipped to No. 2 last week – just pennies below California.  But the change is not because prices in Washington are falling. They’ve stayed around the same level […]

Pipeline that Inslee blames for gas price spike has been open for nearly a month

BY: and - July 21, 2023

Gov. Jay Inslee on Thursday repeatedly blamed the closure of a major fuel pipeline in western Washington for driving the state’s gasoline prices to the highest in the nation. But the pipeline isn’t shut down and hasn’t been since late June, refueling debate over how much of the recent surge at the pump is a […]

High gas prices fuel talk of anti-gouging measures, cap-and-trade tweaks

BY: - July 13, 2023

With an average price of around $4.95 for a gallon of regular unleaded – the highest anywhere in the country – gas in Washington is expensive. That’s not in dispute.  But when it comes to the reasons for the spike, what to do about it, and how much the state’s new cap-and-trade program is to […]

Farmers are exempt from the cap-and-trade law. So why are many still paying?

BY: and - June 25, 2023

No one said distributing exemptions for the state’s cap-and-trade program would be easy.  And six months into the program, it’s still not. On Thursday, state Department of Ecology officials sat down with more than 30 farmers, fuel distributors, climate advocates and fishermen to iron out wrinkles in the new climate program’s exemption process for farm, […]

We’re No. 1. Washington gas prices are nation’s highest

BY: - June 21, 2023

Washington’s gas prices are now the highest in the country. The average price of a gallon of regular gas in Washington was $4.93 on Wednesday, surpassing California whose average was $4.86 and Hawaii at $4.73.  Washington’s price for mid-grade and premium fuel was also the highest in the country Wednesday, but the price for diesel […]