Tag: cap and trade
State’s auction of permits to power plants, factories and businesses limits greenhouse gas emissions.
Gov. Jerry Brown has made paying off California’s $27 billion “wall of debt” a top priority. But one of the largest creditors that the state owes money to is actually itself. A report released last week by the Department of Finance shows 132 loans taken out from special government funds over the past decade add […]
Officials at Southern California energy utilities say they have the power they need to weather the permanent closure of the San Onofre Nuclear Generating Station. But the decision to shut down a plant that provided about a fifth of San Diego and southern Orange County’s power is leading to other challenges: an increase in greenhouse […]
The budget deal finalized by Gov. Jerry Brown and legislative leaders Monday night borrows $500 million from California’s cap-and-trade auction revenues, as Brown proposed last month. That’s bad news to environmental groups. California League of Conservation Voters CEO said in a statement that the funds grab was “a particular insult to voters.” Bill Magavern, policy […]
Governor Jerry Brown has spent a lot of energy focusing on the dangers of climate change lately. Speaking to a group of scientists Thursday, he warned, “it’s over” in five years, unless the world steps up efforts to reduce the carbon dioxide emissions that are warming the atmosphere. But while Brown is preaching action on […]
“Totally disappointed.” That was Kathryn Phillips’ reaction when she read the fine print in Gov. Jerry Brown’s revised budget. Phillips, state director for the Sierra Club, is one of a chorus of voices from the environmental community howling over Brown’s decision to divert revenue from the state’s cap-and-trade program into the general fund — temporarily, […]
California’s quest to reduce global warming hit another obstacle on Tuesday. A conservative legal group filed suit to block California’s new cap-and-trade carbon market. The Pacific Legal Foundation alleged that the market’s charge for carbon emissions violates California law because it constitutes a tax, and taxes in California require approval by a two-third majority in […]
The glitch in California’s cap-and-trade program that you probably never heard about.
A.M. Splash: Calif. Cap-and-Trade Start Called a Success; HP Blames Aquisition for Huge Writedown; Dispute Could Slow Chevron Restart
California’s first cap-and-trade auction sells out, declared ‘a success’ (SJ Mercury News) State regulators on Monday celebrated the results of last week’s first-ever auction of California greenhouse gas emission permits, declaring the long-awaited kickoff to the nation’s first effort to put a price on carbon pollution a success. The state did not disclose how many […]
The California Chamber of Commerce launched a legal torpedo at the state’s new carbon trading market, set to begin Wednesday. The group, which represents 13,000 businesses in the state, is asking the Sacramento Superior Court to invalidate the state’s first official auction of permits for large emitters of greenhouse gases. The suit challenges the California […]