California Bill Aims to Cap LCFS Credit Prices
Legislation introduced in the California Senate on June 23 aims to cap the price of Low Carbon Fuel Standard credits as part of a larger effort to overhaul the state’s fuel regulations and mitigate rising gas prices.
The bill, SB 237, was originally introduced in January. At that time, the legislation focused on residential property transfers. Lawmakers amended the bill on June 23, eliminating the language on property transfers and revamping it to focus on fuel regulations.