Cap and Trade's Fate Uncertain in California

via internet business politics

One of the few victories in the climate policy arena last decade was the passage of California's pioneering climate law in 2006. It called for, among other things, establishing a cap and trade system to limit greenhouse gas emissions from the state's largest polluters. It's seen a long and winding road since then -- a tough campaign was waged by industrial interests and out of state oil companies to overturn the bill last year. It survived, but now a federal judge has suspended the law once again -- this time at the behest of local environmental activists. What gives? Local activists want it to be even tougher on particulate pollution. The Times explains.

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