“There can be many layers of middle players involved,” Western State’s Spiegel added.
While California installed its oil transparency bill this year, that state has some advantages over Washington in setting up such a venture, Slagle said. California has had its cap-and-trade law in place for 10 years, using that experience to set up the transparency system. Washington would have to build its transparency bureaucracy from scratch.
Oil-industry reality
California’s bill and the proposed Washington legislation come as questions arise about oil corporations’ commitments to dealing with carbon emissions.
“We’ve seen oil companies are actually pulling back on commitments to developing alternative fuels. Instead of directing excessive profits to reducing
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