Christie to Pull New Jersey Out of Northeast Carbon Market
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New Jersey Governor Chris Christie said he plans to pull his state out of the U.S. Northeast’s carbon market by year-end.
The 10-state Regional Greenhouse Gas Initiative, a cap-and-trade program that regulates carbon-dioxide emissions, is “nothing more than a tax on electricity, a tax on our residents and on businesses with no discernible effect on our environment,” Christie, a 48-year-old Republican, told reporters in Trenton today.