Climate Tech Venture Review on Substack @ctvr-substack.bsky.social · Jun 15 Cheaper Gas. Weaker Climate Action. That's the Real Choice. California gave oil refiners $4B in free pollution credits. To keep gas cheap while people struggle. I understand the logic. But we're not buying cheaper fuel. We're buying weaker climate action.
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118 million new free allowances. Carbon prices fall. Emissions reduction incentives vanish. Some refiners get more credits than they actually emit. 2030 climate targets become harder to meet. That's the hidden cost of cheaper gas.