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-Signs, Portents, and the Weather- |
California's 'Cap And Trade' System May Be Unconstitutional |
2017-01-26 |
![]() The 4-year-old legal challenge pursued by the California Chamber of Commerce and a collection of business interests argues that the cap-and-trade program represents an unconstitutional tax. The system, intended to create a financial incentive to reduce greenhouse gas emissions, requires companies to purchase permits to pollute. For Gov. Jerry Brown and the environmental community, the lawsuit has been a ticking time bomb that could eliminate a key source of revenue and undermine a program touted as an international model for fighting global warming. |
Posted by:Besoeker |
#1 Yepper, shipping carbon credits with your offshore manufacturing is gonna hurt when the wall goes up. |
Posted by: Skidmark 2017-01-26 00:42 |