Friday, December 17, 2010

Calif. on verge of major greenhouse gas rules (AP)

FILE - This Sept. 22, 2006 file photo shows the Conoco Oil Refinery in Rodeo, Calif. The California Air Resources Board was expected to pass a key piece of the state’s 2006 climate law, called AB32, at its meetings Thursday, Dec. 16 or Friday, Dec. 17, 2010. If it passes, power plants, refineries and other major greenhouse gas emitters will have pollution capped by new regulations being considered by the regulatory agency. The new rules set up the nation's most extensive carbon trading market that officials hope will provide a financial incentive for the state's worst polluters to cut emissions. (AP Photo/Rich Pedroncelli, File)AP - California is on the verge of creating the first system in the nation to give polluting companies such as utilities or refineries financial incentives to emit fewer greenhouse gases.


Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20101216/ap_on_bi_ge/us_california_greenhouse_gases

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