California’s Low Carbon Fuel Standard: Could a similar cap-and-trade scheme work on a national level?

California’s Low Carbon Fuel Standard: Could a similar cap-and-trade scheme work on a national level?
Featuring John Kingston and Alison Ciaccio
(video interview)
In California, a push by regulators to reduce CO2 emissions could end up altering the crude slate processed by area refineries. Under California’s Low Carbon Fuel Standard, the use of crudes with a high carbon intensity rating, while not banned or restricted, would need to be offset by lower-carbon crude, refined products, blendstocks or credits, which, critics claim, could end up destroying margins for some…