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Sector most impacted by California's clean air standards by end of 2025?
2
Resolution / Starting Odds
Automotive • 25%
Oil & Gas • 25%
Public Transportation • 25%
Retail Fuel • 25%
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California Air Resources Board Votes Friday Night to Update Clean Air Standards, Raise Gas Prices
Nov 8, 2024, 11:40 PM
The California Air Resources Board (CARB) has voted Friday night to update clean air standards, a decision expected to raise gas prices in the state. The vote, which took place after a 12-hour meeting, aims to accelerate the adoption of cleaner fuels and reduce planet-warming emissions from transportation. The contentious climate program has faced criticism for its lack of transparency regarding the impact on California drivers, who already pay some of the highest gas prices in the nation. The decision has drawn criticism from both environmentalists and the oil industry, with some praising the incentives for electric vehicles (EVs) while others argue it does not go far enough to curb emissions.
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