California Can Fend Off Trump's Climate Attack. Cities Might Not

Financial Post · last updated April 11, 2025 – 3:31 AM

Trump’s sweeping executive order, issued on Tuesday, takes aim at policies in states including New York, California and Vermont, which fund climate adaptation projects by charging polluters for their greenhouse gas emissions. The order lambasted California’s cap-and-trade program, which sets annual emission limits and allows companies to purchase permits if they exceed their caps. Following the announcement, a wave of state officials vowed to keep pursuing their climate programs.

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