Honeywell, Dupont Lose Challenge to Cap-and-Trade Program
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Honeywell International Inc. and DuPont Co. lost a challenge to a U.S. cap-and-trade emissions program as a federal appeals court said it already ruled the credit-transfers at issue in the case were lawful.
The U.S. Court of Appeals in Washington today dismissed the companies’ complaint that improper transfers by Honeywell’s competitors in 2008 under an Environmental Protection Agency program for hydrochlorofluorocarbons, or HCFC, reduced the company’s market share. The court said an earlier case, Arkema Inc. v. EPA, found the transfers valid under the Clean Air Act.