Assembly opposes cap-and-trade pitch while Hochul pushes proposal
By Marie J. French, Politico
A proposal to place an economywide cap on greenhouse gas emissions in New York is becoming a potential sticking point in budget negotiations as the overtime clock continues.
Gov. Kathy Hochul has indicated that legislative sign-off for a rebate from the proposed cap-and-trade scheme, dubbed “cap and invest” is a major priority. But Assembly leadership has maintained it has no interest in getting it done in the budget.
“It is a complicated policy that does not belong in the budget,” said Assemblymember Deborah Glick (D-Manhattan), who chairs the Environmental Conservation Committee, on Thursday. “They have said all along they can actually do this without legislative authority or permission except when it comes to rebates, so it’s all very confusing.”