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Cap-and-trade’s moment of truth / James Bushnell, Energy Institute at Haas blog, 14/07/2014http://energyathaas.wordpress.com/2014/07/14/cap-and-trades-moment-of-truth/With the looming expansion of its cap-and-trade program to transportation fuels like gasoline, California is fast approaching a significant moment of truth for its climate policy. This has some people nervous, and there are growing rumblings of proposals to delay, perhaps permanently, the expansion of the cap to transportation fuels. While many of the backers of these proposals profess continued support for AB 32 and its goals, such a stance (pro-AB 32, anti fuels under the cap) is not logically consistent...