California Cement Industry Fears Dire Harms From Cap & Trade Revisions

California’s cement industry is warning that proposed amendments to the state’s greenhouse gas cap-and-trade program will pose significant harms to their businesses, heighten the risk for substantial emissions leakage to other states and countries, and reduce resources to help the sector lower its carbon footprint. “The California cement industry does not support the proposed amendments to the cap-and-trade program . . . given that they will: (1) increase the uncertainty regarding future allowance prices; (2) undermine the predictability with respect...