California extends cap-and-trade, as Indigenous nations grapple with the trade-offs
… [L]ast week, California Governor Gavin Newsom extended the state’s cap-and-trade program until 2045. … [T]he [Yurok] tribe has now received tens of millions of dollars in carbon credit sales, boosting its economy and funding environmental projects like recovery work on the Klamath River in the wake of dam removal. But critics of carbon markets remain staunchly opposed to the programs, alleging that the scheme perpetuates colonialism, incentivizes the theft of Indigenous resources, and allows companies to essentially pay to keep polluting without having to change their activities.