California Lawmakers Stretch Limits of Greenhouse Gas Proceeds

California Gov. Jerry Brown speaks during a bill signing event at the Leland Stanford Mansion on May 19, 2015 in Sacramento, California.

Photo by Justin Sullivan/Getty Images

California lawmakers are finding it may not be so easy to spend more than $2.9 billion in proceeds from auctioning greenhouse gas credits in the state’s landmark cap-and-trade market.

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