oil drilling

Washington's climate law faces repeal challenge despite oil industry's support

Washington state's cap-and-trade program, backed by major oil companies, is now threatened by a repeal initiative led by a hedge-fund manager.

Kate Yoder reports for Grist.


In short:

  • Washington's Climate Commitment Act, a cap-and-trade program, is under threat of repeal despite previous support from oil companies like BP.
  • The program, which generated more than $2 billion for climate projects, faces opposition from Brian Heywood, who argues it contributes to high gas prices.
  • Oil companies, while critical of certain aspects of the program, prefer to work with legislators for improvements rather than support its repeal.

Key quote:

"We have never been against the Climate Commitment Act."

— Kevin Slagle, vice president of communications, Western States Petroleum Association

Why this matters:

The potential repeal of Washington's climate law highlights the complex relationship between environmental legislation, the oil industry, and public perception. While oil companies show unexpected support for the cap-and-trade system, public opposition fueled by concerns over gas prices poses a significant challenge. This situation underscores the delicate balance needed in crafting effective climate policies that align industry interests with environmental goals.

Related: As Pennsylvania moves to join a regional greenhouse gas initiative, experts say it will also reduce toxics, foster healthier kids, and save the state billions. But GOP policymakers and industry groups remain opposed.

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