Cap and trade revision includes refunds to cover higher fuel costs

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Democratic leaders said cap and trade could boost transportation fuel costs $0.33 a day for households in the eastern part of the state, or around $120 a year.

Oregon would return around one-fifth of the revenue expected from cap and trade to households at or below the median income level under a plan introduced Monday by advocates in the Legislature.

The refunds, totaling up to $100 million annually, are intended to offset expected transportation fuel cost increases. They’re part of an extensive reworking of the far-reaching climate policy, which Democratic leaders have vowed to pass this year and put into effect in 2021….

An excerpt from Portland Business Journal