Chevron’s refinery in Richmond and other industrial facilities must purchase allowances to emit carbon dioxide via the state’s cap-and-trade program, but uncertainty about its future and a glut of allowances have had a major downward impact on the state’s quarterly auctions.
Chevron’s refinery in Richmond and other industrial facilities must purchase allowances to emit carbon dioxide via the state’s cap-and-trade program, but uncertainty about its future and a glut of allowances have had a major downward impact on the state’s quarterly auctions. Paul Sakuma Associated Press file
Chevron’s refinery in Richmond and other industrial facilities must purchase allowances to emit carbon dioxide via the state’s cap-and-trade program, but uncertainty about its future and a glut of allowances have had a major downward impact on the state’s quarterly auctions. Paul Sakuma Associated Press file
Dan Walters

Dan Walters

Observations on California and its politics

California cap-and-trade emission auctions could face bleak future

June 20, 2016 04:12 PM

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About This Blog


Dan Walters’ column appeared in dozens of California newspapers. He joined the Sacramento Union’s Capitol bureau in 1975 and in 1981 began writing the state’s only daily newspaper column devoted to California political, economic and social events. In 1984 he moved to The Sacramento Bee, where his column ran until 2017.