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

UPDATED June 21, 2016 09:57 AM

Comments

More Videos

Jones wins Alabama Senate race, issues challenge to future colleagues 2:29

Jones wins Alabama Senate race, issues challenge to future colleagues

See what firefighters are up against in battling the Thomas Fire 0:29

See what firefighters are up against in battling the Thomas Fire

Here's Bali's Mount Agung spewing ash, stranding passengers 0:53

Here's Bali's Mount Agung spewing ash, stranding passengers

World's oldest person turns 117 in Italy 0:32

World's oldest person turns 117 in Italy

California firefighters battle to contain Thomas Fire 1:11

California firefighters battle to contain Thomas Fire

Alex Padilla on sexual harassment allegations at the Capitol 0:33

Alex Padilla on sexual harassment allegations at the Capitol

'A lot to be excited about with 49ers future.' Analysts weigh in on team's direction 0:56

'A lot to be excited about with 49ers future.' Analysts weigh in on team's direction

'One Pill Can Kill': Raising prescription drug awareness 2:51

'One Pill Can Kill': Raising prescription drug awareness

Sac State Dreamers speak of goals as leaders urge Congress to support DACA legislation 1:53

Sac State Dreamers speak of goals as leaders urge Congress to support DACA legislation

Be careful with Christmas laser-light displays - pilots will thank you 0:27

Be careful with Christmas laser-light displays - pilots will thank you

  • Dan Walters: Big election, but most people 'could care less'

    The Sacramento Bee's Dan Walters is excited that for the first time in a long time Californians were actually treated to a full blown presidential campaign, with all nominees from both parties campaigning up and down the state. Despite California voters actually being treated like they mattered, it still seems as if most people 'could care less.'

About This Blog


Dan Walters' column appears 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. He and the column moved to The Sacramento Bee in 1984. Contact him at dwalters@sacbee.com or 916-321-1195. Twitter: @WaltersBee