Low-carbon fuel mandate wastes more than 9 out of every 10 dollars

Last week, the legislature heard a proposal to mandate a low-carbon fuel standard (LCFS) in Washington state, which is designed to reduce transportation-related CO2 emissions.

Oregon and California have already adopted a similar rule, and their experience demonstrates that an LCFS has high costs both for consumers and for those who care about reducing CO2 emissions effectively. My one-minute testimony outlined, quickly, these two concerns.