Posts Tagged: gas

A first-in-the nation bill to regulate hydraulic fracturing, or “fracking,” in the exploration for underground oil and gas deposits was approved by the Legislature and sent to the governor’s desk.

Many large employers in California were scheduled for massive greenhouse gas (GHG) “cap-and-trade” cost increases starting in 2015.  Now state regulators propose to delay any increase until 2018 at the earliest.   This is good news for manufacturers and thousands of California workers with high wage manufacturing jobs.  Food processors, consumer products firms, aerospace, chemical and

It’s no secret Californians pay some of the highest gas prices in the nation. And even though consumers and the economy have just gotten over last year’s historic gas prices, another spike seems to be knocking on our door. For more than 20 years I have focused on creating efficient energy markets – ranging from helping the prosecution of Enron executives to working on market manipulation issues across the U.S. and Canada. Over the past 18 months California gasoline prices have spiked repeatedly – with little relationship to world oil prices, or supply and demand.

State officials have fined nine companies for violating California’s greenhouse gas law, which requires facilities to annually report their emissions.

The fines totaled $285,000, with the largest single penalty, $120,000, levied against ExxonMobil, the Air Resources Board announced.

“Accurate reporting of greenhouse gas emissions is the foundation of our efforts to reduce carbon pollution from

California’s second cap-and-trade auction is being held today, with more than 23 million greenhouse gas emission credits on the block.

The credits, known as allowances, allow industries and other emitters of greenhouse gases to continue in operation as they gradually reduce emissions as required by state law. Several hundred entities are expected to participate

A major conference targeting climate-changing greenhouse gases is scheduled Tuesday at UC Davis, featuring top decision makers from Australia and the U.S.

The participants include Mary Nichols, the chair of the California Air Resources Board; Karen Lanyon, the Australian Consul-General; Mark Dreyfus, the Australian Parliamentary Secretary for Climate Change and Energy Efficiency; and Terry

Companies spent nearly $100 million an hour to buy carbon pollution credits at California’s first auction under the state’s law to curb greenhouse gas emissions.

Despite the hefty price tag, the final per-credit price was nearly the bare-minimum — $10 each — required by the auction and more than $2 below the per-credit market

It was kind of like eBay.

For three hours on Wednesday, millions of dollars worth of pollution credits were expected to be sold to scores of companies at California’s first auction under the state’s 2006 law to curb greenhouse gas emissions.

The auction, which went forward despite legal challenges, is unique among the states,