Sept. 27 (Bloomberg) -- California may consider issuing more free carbon permits to oil refiners after the first auction of allowances in November, Mary Nichols, the state air chief, said at a conference today in San Francisco.
Refiners’ allocation of the permits, each allowing for the release of one metric ton of emissions, is set to shrink in the second phase of the state’s cap-and-trade program beginning in 2015.
“There could be changes,” Nichols, chairwoman of the state’s air resources board, said at the conference. “We’d be able to take a look at that.”
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