While the state of California is extracting billions of dollars from businesses and utilities through the California Air Resources Board’s cap-and-trade program auctions, the Legislature can’t decide how to spend the billions.

Instead, lawmakers have been arguing over how to direct the monies into their own districts on some rather dubious projects, and predictably, on public transit and light rail trains.

Gov. Jerry Brown has his own dubious project: He carved out more than $1 billionof cap-and-trade revenue… Read More