CalMatters

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California lawmakers are scrambling to finalize a last-minute deal that would extend the state’s landmark greenhouse gas reduction program – known as cap and trade – through 2045.

At the center of this year’s reauthorization fight are a number of controversial concessions that former Gov. Jerry Brown gave to various industries – including oil and gas – when the Legislature last renewed the program in 2017. Those include giveaways that allow fossil fuel companies and others to emit greenhouse gases free of charge, as well as permission for some market participants to purchase questionably effective carbon offsets to meet emissions targets.

To the chagrin of environmental advocates, G

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