Oregon will become the second state in the nation to impose an economywide price on carbon, if a pending cap-and-trade bill is enacted.
The bill, released in draft form Jan. 31, would impose a gradually declining cap on total greenhouse gas emissions in Oregon beginning in 2021 and set up a system for obtaining allowances for every ton placed into the atmosphere.
It’s likely to become law because its sponsors are Democrats, the party that holds supermajorities in both chambers of the Legislature. Democratic Gov. Kate Brown also supports it.
“Climate change threatens our communities, our economy, and our...