Monday, July 28, 2014





Calif. officials call carbon auction a success


February 19. 2013 6:10PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) State regulators say California's first auction of greenhouse gas emissions permits went smoothly, and all of the pollution permits available for 2013 were sold.


The California Air Resources Board said 23.1 million permits which allow for one ton of carbon sold for $10.09 each at last week's auction.


The permits are part of California's so-called cap-and-trade program a central piece of the state's 2006 global warming regulations seeking to dramatically reduce emissions of heat-trapping gases.


Businesses are required to either cut emissions to cap levels or buy pollution permits called allowances from other companies for each extra ton of emissions discharged annually.


Petroleum refiners, manufacturing companies and other industries have been outspoken opponents of the program, calling it an illegal tax that will hurt California's economic recovery.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds