States’ Transportation Climate Program ‘Implodes’ Amid High Gas Prices

The Transportation Climate Initiative (TCI) is ending plans to launch the nation’s first cap-and-trade transportation fuel program after two key states -- Massachusetts and Connecticut -- decided not to move forward, with top officials citing current high gasoline prices. The Wall Street Journal editorial board argued that the TCI program has “imploded ” due to the high gas prices even though a goal of the TCI was to increase prices at the pump -- though more modestly than reality...