Article

2017-01-26 -Signs, Portents, and the Weather-

California's 'Cap And Trade' System May Be Unconstitutional

[LA Times] With President Trump in the Oval Office, California officials are bracing for the possibility that the new administration will undermine the state’s landmark policies on climate change. But the more immediate threat isn’t coming from Washington; it lies in a lawsuit that has been slowly winding its way through state courts.

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 2017-01-26 00:00|| || Front Page|| [11132 views ] Top

#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|| 2017-01-26 00:42|| Front Page Top

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