cap and trade

The California Air Resources Board had good intentions when it developed a cap-and-trade plan to meet greenhouse gas standards, but according to a San Francisco Superior Court Judge, the Board made a few mistakes that will delay their efforts. The Air Resources Board is acting in response to AB32, California’s Global Warming Solutions Act of 2006, which calls for the reduction of carbon emissions to 1990 levels by 2020.  read more »

If you think that Wall Street’s vapor traders helped house the nation’s people then you are probably eagerly looking forward to how they will keep our environment clean. Under current “free-market” cap and trade proposals the same people who brought you the housing bubble and have contributed to wild swings in energy prices are eagerly anticipating their next vaporous bonanza. Senator Byron Dorgan of North Dakota, one of the few elected officials vigilant enough years ago to foresee the effects of financial deregulation, believes there is a better way.  read more »