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California’s cap and trade auction another washout
Sacramento Bee ^
| March , 2017
| by David Siders
Posted on 03/02/2017 1:28:11 PM PST by Oldeconomybuyer
February’s quarterly auction of carbon dioxide emission allowances under California’s cap and trade program was another financial washout for the state.
Results for last week’s auction were posted Wednesday morning, revealing that just 16.5 percent of the 74.8 million metric tons of emission allowances were sold at the floor price of $13.57 per ton.
The paltry auction revenues will likely stall Gov. Jerry Brown’s 2017-18 budget plan to spend $2.2 billion on a variety of climate-related programs and projects, including $800 million on his bullet train project.
(Excerpt) Read more at sacbee.com ...
TOPICS: Business/Economy; Culture/Society; News/Current Events; US: California
KEYWORDS: california; climate; climategate; failure; hoax; socialism
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Clusterfornia.
To: Oldeconomybuyer
More from the apocalyptic religious cult that is climate change. They are now selling indulgences.
What a clever scam this is.
2
posted on
03/02/2017 1:30:46 PM PST
by
PGR88
To: Oldeconomybuyer
The Sacto Bee can’t type the word ‘failure’ without bursting into flames. It’s a ‘washout’.
3
posted on
03/02/2017 1:33:07 PM PST
by
SpaceBar
To: Oldeconomybuyer
They should be Celebrating, this means 60 Million Metric Tons LESS CO2 that they expected will be put into our atmosphere.
4
posted on
03/02/2017 1:35:48 PM PST
by
eyeamok
(destruction of government records.)
To: Oldeconomybuyer
Snake oil for sale. Get your snake oil here. Cheap. Now half off.
5
posted on
03/02/2017 1:36:28 PM PST
by
Freedom_Is_Not_Free
(The GOP will see the light, because Trump will make them feel the heat.it is hugh and series)
To: Oldeconomybuyer
Too much rainfall is ending up back in the ocean. Ditch the trains and the climate crap and build more reservoirs.
6
posted on
03/02/2017 1:37:12 PM PST
by
JPG
(TRUMP WINS!!)
To: Oldeconomybuyer
7
posted on
03/02/2017 1:37:13 PM PST
by
DoughtyOne
(NeverTrump, a movement that was revealed to be a movement. Thank heaven we flushed!)
To: SpaceBar
If you went down to 5th and Wall St in Downtown LA every night to hang out and party with the local residents, in a month or two you would understand their thinking process at the Sacramento Bee.
8
posted on
03/02/2017 1:37:23 PM PST
by
eyeamok
(destruction of government records.)
To: Freedom_Is_Not_Free
9
posted on
03/02/2017 1:39:36 PM PST
by
DoughtyOne
(NeverTrump, a movement that was revealed to be a movement. Thank heaven we flushed!)
To: Freedom_Is_Not_Free
10
posted on
03/02/2017 1:40:15 PM PST
by
DoughtyOne
(NeverTrump, a movement that was revealed to be a movement. Thank heaven we flushed!)
To: JPG
That would mean concrete evidence that their entire raison d’être of making other people miserable is built on feet of clay.
To: PGR88
What a clever scam this is.Who in their right mind would buy emission allowances? I don't get it.
To: Oldeconomybuyer
They need the money to pay for the bullet train to nowhere!
Now, I can laugh. It wasn’t funny when we lived in SoCal, but it’s hilarious now that we live in E Tennessee. With sincere apologies to all of my dear FReeper Friends still gutting it out in the Golden State.
13
posted on
03/02/2017 2:00:35 PM PST
by
jazminerose
(Adorable Deplorable)
To: Oldeconomybuyer
...the official Leftist coffee mug...
14
posted on
03/02/2017 2:01:05 PM PST
by
DoughtyOne
(NeverTrump, a movement that was revealed to be a movement. Thank heaven we flushed!)
To: Oldeconomybuyer
Well - raise taxes.
People love high taxes.
They just love them. :)
15
posted on
03/02/2017 2:04:53 PM PST
by
Tzimisce
To: Inyo-Mono
Q: Who in their right mind would buy emission allowances?
A: Those whom suckle at the public teet, requiring the ‘good graces’ of govt to continue to receive their blessing (aka taxpayer funding), thus the kick-back, er, I mean pay-to-play, I mean ‘emission allowances’, were bought.
16
posted on
03/02/2017 2:05:21 PM PST
by
i_robot73
("A man chooses. A slave obeys." - Andrew Ryan)
To: Inyo-Mono
It’s the point of “climate change”. You can tax it. Oh, and the $2 Billion? How about infrastructure, idiot communist Brown?
17
posted on
03/02/2017 2:10:35 PM PST
by
stillfree?
(Don't let illegals turn your state into California.)
To: Oldeconomybuyer
18
posted on
03/02/2017 2:20:37 PM PST
by
smokingfrog
( sleep with one eye open (<o> ---)
To: Oldeconomybuyer
From the article:
The ARB was offering 43.7 million tons of state-owned emission allowances, but sold just 602,340 tons of advance 2020 allowances, which means the state will see only $8.2 million, rather than the nearly $600 million it could have received from a sellout.
In other words, they sold about 1.3% of the emission allowances they thought they would sell.
What a humiliating failure. Not too surprising, of course, but humiliating nonetheless.
19
posted on
03/02/2017 2:29:42 PM PST
by
Milton Miteybad
(I am Jim Thompson. {Really.})
To: Oldeconomybuyer
I’m so happy we don’t live in a loony bin such as California. They seem to be in a perpetual self destruct mode.
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