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California lawmaker scraps plan to replace carbon market with tax on fuels

By Rory Carroll SACRAMENTO (Reuters) – A top Democratic lawmaker in California on Monday backed off an unpopular plan to tax gasoline and diesel fuels and instead proposed a less controversial plan to spend up to $5 billion a year from the state’s fledgling carbon program on affordable housing and…

California Senate leader: Carbon tax would redistribute $3.6 billion to state’s poorest

By Rory Carroll SAN FRANCISCO (Reuters) – A carbon tax proposal outlined on Thursday by California Senate leader Darrell Steinberg would raise an estimated $3.6 billion in its first year, revenue he said would go into the pocketbooks of the state’s poorest residents as well as public transportation. The tax,…