California regulators have approved an overhaul of the state's carbon market, allowing Gov. Gavin Newsom to claim he is advancing his climate agenda while facing criticism over affordability. The California Air Resources Board voted 10-3 to extend and change its rules for the state’s cap-and-invest program, which requires big polluters to pay for their greenhouse gas emissions. This move aligns with Newsom's goals for blue-state climate cooperation and reliefs for oil companies after Chevron warned that an earlier version of the reforms could add more than $1 per gallon to gas prices by 2030. Critics argue that the changes would undermine California's goal to reduce emissions to 40 percent below 1990 levels by 2030 and amount to a handout of billions of dollars to polluting companies.