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California has opened the world’s second-largest auction for permits to release greenhouse...

California has opened the world’s second-largest auction for permits to release greenhouse gases, the first test of a program that aims to reduce emissions while raising billions of dollars for the state. The auctions are expected to generate $1B in the first year, and $2.8B-$11B/year by 2015.
Comments (9)
  • golden1234
    , contributor
    Comments (31) | Send Message
     
    I wonder if the poor sheeple who voted for this nonsense will notice the inflationary effect on all goods and services they buy and put 2+2 together? Nah...It's Bush's fault.
    15 Nov 2012, 05:25 PM Reply Like
  • dwight k shrute
    , contributor
    Comments (71) | Send Message
     
    no they are too focused on shaving the whales :)
    the short term effect of the GHG reduction in California is one thing.
    to hit their long term targets will continue to drive business out (e.g., valero is seeking to exit the PR of California and others will follow if they can).
    15 Nov 2012, 05:42 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Shaving a whale...now I need to put that on my bucket list...lol
    15 Nov 2012, 07:45 PM Reply Like
  • WMARKW
    , contributor
    Comments (10250) | Send Message
     
    California has spent $15 billion more than recepits in the first 4 months of their 2012 fiscal year. At this rate, even the emissions permits will never allow them to balance their budget. What an utter joke.
    15 Nov 2012, 05:43 PM Reply Like
  • gdonelson
    , contributor
    Comments (36) | Send Message
     
    Weren't they relying on a big tax windfall from all the new Facebook billionaires to close the gap?
    16 Nov 2012, 09:53 AM Reply Like
  • WMARKW
    , contributor
    Comments (10250) | Send Message
     
    They could nationalize all the oil producing property that California includes within it's boundaries and coastal areas, and still not close their gap. Of the $39 billion in disbursements for the first 4 months of the year, California spent.....wait.....don't hold your breath.....check your pulse......$21.8 billion on public education with K-12 expenditures growing 30% y-y.

     

    Remember this is through FOUR months. Annualized they are looking at a $45 billion deficit.
    16 Nov 2012, 04:19 PM Reply Like
  • warrenrial
    , contributor
    Comments (558) | Send Message
     
    Alpha what's this bs error occurred.
    15 Nov 2012, 05:52 PM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    Editor: tell us this is a joke post,

     

    "California has opened the world’s second-largest auction for permits to release greenhouse gases, the first test of a program that aims to reduce emissions while raising billions of dollars for the state."

     

    We iz america--we'ze won't stand for the "second-largest" anything.

     

    Forward!
    15 Nov 2012, 06:42 PM Reply Like
  • TWagen
    , contributor
    Comments (143) | Send Message
     
    California is already so expensive that I can't imagine why anyone would live there (Unless you need a Gov't handout).

     

    If people cared about Greenhouse gases they wouldn't allow the emissions. This is just a money grab.

     

    This won't work unless the whole world does it. One state little difference, they will just build all new stuff somewhere else.
    15 Nov 2012, 09:33 PM Reply Like
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