Jerry Brown

Gov. Jerry Brown signs law to extend cap and trade, securing the future of California's key climate program

Gov. Jerry Brown signs law to extend cap and trade, securing the future of California's key climate program

Cementing California’s role as a leader on climate change, Gov. Jerry Brown signed legislation Tuesday to extend the state’s cap-and-trade program while surrounded by a coalition of supporters including his predecessor, former Gov. Arnold Schwarzenegger.

The program, the only one of its kind in the country and an international model in the fight against global warming, is designed to provide a financial incentive for companies to pollute less. It requires oil refineries, power plants, food processors and other facilities to buy permits to release greenhouse gas emissions into the atmosphere.

“California is leading the world in dealing with...

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