Breaking News

Tweet TWEET

California May Adjust Carbon Permit Allocations to Companies

California’s air resources board may adjust the number of carbon permits it plans to give to specific companies before the first auction of allowances in November under the state’s cap-and-trade program, Mary Nichols, the board’s chairman, said during a conference in San Francisco.

Industry allocations wouldn’t change, just the distribution to companies within the sectors, she said.

The agency hasn’t officially assigned the permits yet to most of the companies regulated under the program and may reconsider allocations based on new data.

To contact the reporter on this story: Lynn Doan in San Francisco at ldoan6@bloomberg.net

To contact the editor responsible for this story: Margot Habiby at mhabiby@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.