California’s CO2 now has a price, but it's a low one. For each metric ton of carbon...

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GaltMachine Comments (931)
 
Who were the dummies that paid this protection money?

They are definite short candidates.
21 Nov 2012, 11:06 AM Reply Like

dieuwer Comments (1826)
 
The result will be that prices for gas and electric in California will go up.
Refineries and utilities do not have access to a printing press, so any extra expenses will have to be covered by their customers.
21 Nov 2012, 11:15 AM Reply Like

SoldHigh Comments (697)
 
Cap-n-tax is just another tax that will hinder the CA economy even more. As if businesses needed another reason to leave CA.
21 Nov 2012, 11:12 AM Reply Like

WMARKW Comments (8560)
 
"Mary D. Nichols, chairwoman of the California Air Resources Board, said, the auction was “a success and an important milestone for California as a leader in the global clean-tech market.” She added, “By putting a price on carbon, we can break our unhealthy dependence on fossil fuels."

Mary D. Nichols is a Moron ! Good luck California. You have sown the seeds of your continued economic demise.
21 Nov 2012, 11:27 AM Reply Like

WMARKW Comments (8560)
 
"Most of the nearly $300 million in auction proceeds is likely go back to investor-owned utilities in the state like Southern California Edison and Pacific Gas & Electric Company, to be directed back to their customers. On Friday, the California Public Utilities Commission announced a proposed division of these spoils: 85 percent to households, which would receive a “climate dividend” of $30 on their bills twice a year; 10 percent to small businesses; and 5 percent to help industries whose out-of-state competitors do not have to pay for the pollution they generate."

So who's buying these allowences if not the public utilities?
21 Nov 2012, 11:33 AM Reply Like