California Senate Pro Tem Kevin de León Advocates Reform & Market Certainty in Statement on Cap and Trade Auction Results

SACRAMENTO – California Senate President pro Tempore Kevin de León (D-Los Angeles) issued the following statement in reaction to today’s quarterly cap and trade auction results:

“Today’s anemic auction results demonstrate that the state’s landmark cap and trade program is in need of reform and the kind of market certainty that only the Legislature and Governor can provide via statute. We need a program that both reduces pollution and provides stable funding to clean up climate emissions.