SB 840, explained
Greenhouse gases: Greenhouse Gas Reduction Fund: studies.
Passed into law Chaptered · Author: Limón
In plain English
This bill addresses how California reduces greenhouse gas emissions (gases that trap heat in the atmosphere). It clarifies the rules for a market-based system where companies can buy and sell allowances to emit these gases, and it directs how money collected from selling these allowances gets used.
If this passes
What would actually change, according to the bill's official digest. No predictions, no opinions.
- The Air Resources Board would continue to have power to set and update greenhouse gas emission limits and reduction rules
- Companies covered by the rules could use offset credits (paying to reduce emissions elsewhere instead of reducing their own) but would face limits on how much they could use
- Money collected from auctioning or selling emission allowances would go into the Greenhouse Gas Reduction Fund and be spent for specified purposes
- The state board could keep revising the market-based compliance system as needed to meet California's greenhouse gas goals
Who's lobbying this bill
36 organizations reported lobbying activity
mentioning this bill. California disclosures don't say which side an organization is on, only that they paid to influence it. Amounts shown are payments to lobbying firms where the filing discloses them.
Marathon Petroleum Corporation And Its Subsidaries, Respectivelypaid to lobbying firms, quarters naming this bill · 3 filings
$225K Sempra Energy And Its Affiliates San Diego Gas & Electric And So. Cal. Gas Co.paid to lobbying firms, quarters naming this bill · 6 filings
$162K Central Valley Salinity Coalitionpaid to lobbying firms, quarters naming this bill · 3 filings
$120K
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Sources
Explainer text is generated from the official source text above and reviewed for neutrality:
it describes only what the text says, in conditional terms, with no evaluations or predictions.
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