Environment | California launches a massive greenhouse-gas taxing scheme over local business protests
by Daniel James Devine
Posted 11/20/12, 10:24 am
During a time of economic instability, California has rolled out the second largest “cap-and-trade” program in the world. On Monday the California Air Resources Board (CARB) released the results of its first quarterly auction, held Nov. 14, where it sold credits to major California companies that emit greenhouse gases as a byproduct of business activity.