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The court found the DEP did not have the constitutional authority to collect revenue from Regional Greenhouse Gas Initiative auctions, and only the legislature can levy taxes.
Governor Youngkin called the Regional Greenhouse Gas Initiative a "regressive tax."
Governor Glenn Youngkin’s pledge to remove Virginia from the Regional Greenhouse Gas Initiative (RGGI) was approved June 7 by the state’s Air Pollution Control Board.
Pennsylvania Gov. Tom Wolf’s (D) ploy to circumvent the Legislature and force the Keystone State to become a member of the Regional Greenhouse Gas Initiative (RGGI) suffered a setback July 8, when a judge issued a temporary injunction against the move.
“RGGI describes itself as a regional market for carbon, but it is really a carbon tax that is fully passed on to ratepayers. It’s a bad deal for Virginians. It’s a bad deal for Virginia businesses,” Youngkin said.
The Regional Greenhouse Gas Initiative (RGGI) allowance auction tax program (where electric power ratepayers have to pay for the allowances) is particularly nasty because the tax is unpredictable and can become very volatile.
“RGGI describes itself as a regional market for carbon, but it is really a carbon tax that is fully passed on to ratepayers. It’s a bad deal for Virginians. It’s a bad deal for Virginia businesses. I promised to lower the cost of living in Virginia and this is just the beginning.” — Virginia Governor-elect Glenn Younkin In Episode 235 of District of Conservation, Gabriella discusses two news stories for listeners. One regarding incoming Virginia Governor Glenn Youngkin announcing his intent to withdraw the Commonwealth from the Regional Greenhouse Gas Initiative (RGGI), the other about Biden's EPA revoking the Trump-era Navigable [...]
"It’s time to confront the wannabe planet savers here in this room and this state and tell them not only NO, but HELL NO!" - Marc Morano at Pennsylvania hearing on RGGI (the Regional Greenhouse Gas Initiative).
Pennsylvania is in a tug of war over electricity production.
If cutting greenhouse gas emissions is your thing, natural gas should be your hero.