California carbon auction brings in another $1 billion

Sacramento Bee ^ | May 28, 2015 | Dale Kasler

[artichokegrower]

California’s industrial firms spent another $1 billion in the most recent auction of carbon emissions credits, state officials said Thursday.

The California Air Resources Board said its latest quarterly auction of carbon credits raised around $1.06 billion, making it one of the largest sales in the program’s two-and-a-half year history.

[artichokegrower]

A $1 billion taking from the private sector that is transferred to the public sector. No services provided, no infrastructure improvement just a theft of private funds. By the way industrial firms didn't spend anything they just transferred the costs on to their customers.

[2ndDivisionVet]

Next: Tulip auctions.

[2banana]

A billion more reasons why businesses will leave California

[Rebelbase]

Another billion in higher prices to the American consumer.

[chit*chat]

Wish I could sell an unproven concept for millions and get away with it. Trouble is if it was successful it would be outlawed then taken over by the polecats.

[headstamp 2]

I hear selling sand by the granule is also a lucrative racket.

[Fungi]

Pure unadulterated political corruption and idiocy. Moonbeam, go to hell.

[Sasparilla]

Another reason why it should be called the People’s Democratic Socialist Republic of California.

[Williams]

Global warming is destroying humanity but for $1 billion all is ok?

[Fungi]

Absolutely.

[artichokegrower]

California’s system is linked to the Canadian province of Quebec, which means owners of credits can use them in either jurisdiction.
So when do individual states get to establish trade treaties with foreign countries?

[Vinnie]

What was Al Gore’s cut?

[Vinnie]

What was Al Gore’s cut?

[right way right]

Buying off the mobsters and passing the cost off onto us.
Yay.

[NormsRevenge]

Brought to you by prouD PHI ScamYa JamYa gRaduates of Princeton, Harvard and UC Bezerkeley

[ProtectOurFreedom]

Higher prices today on everything the poor must buy...all for the infantile fantastical hope that the average temperature a hundred years from now will be one degree less than it would have been. This state is looney. If only the winters on the Idaho panhandle were a bit warmer...

[MadMax, the Grinning Reaper]

A billion dollar con-job. Only in California.

[Dogbert41]

And it's all MINE!

[Thunder90]

The Feds gave CA their blessing to do that. It will continue until at least Obama is out of office.

[W.]

Seems to mee all they’re really selling are excuses for polluters. If they wanna impress me, let’s see them sell a bunch to China, Russia, Mexico and all those unregulated third-world polluters fouling poor old gaia. Instead, we get stuck with all the expensive regulations in the name of government control over everything. Bastards.