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Home » CurrentEvents

California update December 11, 2012 1:00 pm TB

Enthusiastically-counted “Cap and Trade” chickens not showing up.

A low price for credits and minimal demand for future offsets suggest California will see a mere fraction of the $1 billion that Gov. Jerry Brown and lawmakers estimated the state would receive this fiscal year.

If demand remains similar in two forthcoming auctions, the state would generate only about $140 million, the nonpartisan Legislative Analyst’s Office estimated Wednesday.

  • Anyplace on Earth you'd like to be? by bowser 2012-12-11 19:30:11

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