Major Companies Paying to Pollute

SACRAMENTO-

Wednesday, 300 of California’s biggest companies bid how much they are willing to pay to pollute.

It takes only 100 gallons of gas to make one ton of carbon dioxide. Companies won’t have to pay for all the emissions they make, just 10 percent.

It presents companies with a choice – either reduce their emissions by 10 percent, or pay the state to keep those emissions.

“The facilities that are covered are based on the fact that they release more than 25,000 tons of carbon dioxide a year,” said David Clegern, with the California Environmental Protection Agency.

The state uses the funds from the carbon emission auction, about $1 billion, for environmental programs.

For more, watch Ben Deci’s report above.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s