“RGGI describes itself as a regional market for carbon, but it is really a carbon tax that is fully passed on to ratepayers. It’s a bad deal for Virginians. It’s a bad deal for Virginia businesses,” Youngkin told the Hampton Roads Chamber of Commerce Wednesday. “I promised to lower the cost of living in Virginia and this is just the beginning.”
The hallmark, interstate compact — named the Transportation and Climate Initiative — originally included a dozen states, from Maine to Virginia, as well as Washington, D.C... However, a year passed, a pandemic hit, and by last December, the number of states actually committed to the program had dwindled to three: Massachusetts, Connecticut, and Rhode Island, along with D.C.