California seeks cap-and-trade amendment to close loophole after bankruptcy ruling

Published 03:04 on January 31, 2018  /  Last updated at 03:04 on January 31, 2018  /  Americas, Canada, US  /  No Comments

The California Air Resources Board (ARB) on Tuesday said it is seeking to amend its cap-and-trade programme to ensure that the new owners of an installation covered by the system also automatically take over the facility's historical emission obligations.

The California Air Resources Board (ARB) on Tuesday said it is seeking to amend its cap-and-trade programme to ensure that the new owners of an installation covered by the system also automatically take over the facility’s historical emission obligations.

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