California sells out of first pollution permits

In a world where everybody carries a mobile phone.. by Lars Plougmann
License (according to Flickr): Attribution-ShareAlike License
License (according to Flickr): Attribution-ShareAlike License
SAN FRANCISCO California sold out of the first pollution permits issued as part of a landmark offensive against greenhouse gases at an inaugural auction that regulators said Monday went smoothly. The effort to curtail carbon emissions involved the sale of 23. 1 million permits -- each allowing for the release of one ton of carbon -- for $10. 09 apiece, the California Air Resources Board said. The permit sales last week opened the largest carbon marketplace in the nation and the second-biggest in the world after the European Union. The California air board will hold four such auctions a year. "By putting a price on carbon, we know we are beginning the process of breaking our dependence on fossil fuels," Mary Nichols, board chairman, said during a conference call with reporters.
People:
Mary Nichols
Overall Sentiment: -0.12725
Relevance: 0.474652
| Sentiment | Quote |
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| -0.150272 | "By putting a price on carbon, we know we are beginning the process of breaking our dependence on fossil fuels," Mary Nichols, board chairman, said ... |
| 0.102525 | "The fact that the prices are clearing a little above the reserve is a good sign that people's fears about out of control costs for cleanup are not justified by the way the market actually worked," Nichols said. ... |
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Robert Day
Overall Sentiment: 0.272018
Relevance: 0.333634
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| 0.0859438 | "As an investor, I take a lot of comfort that this was for real, was done right and will continue into the future," Day said ... |
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Blair Jones
Overall Sentiment: 0.040475
Relevance: 0.27868
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Shelly Sullivan
Overall Sentiment: 0.0764714
Relevance: 0.254797
| Sentiment | Quote |
|---|---|
| 0.0701938 | "Instead of hiring workers, expanding production, or investing in new carbon-reducing equipment, these auction dollars will be distributed by government for other purposes," said Shelly Sullivan ... |
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Additional Info:
Organization: California Air Resources Board
Overall Sentiment: -0.0668305
Relevance: 0.829219
Organization: California Chamber of Commerce
Overall Sentiment: -0.227314
Relevance: 0.321704
Disambiguation: Non-ProfitOrganisationReferences:
Organization: European Union
Overall Sentiment: 0
Relevance: 0.301634
Disambiguation: Location | Country | GovernmentalJurisdiction | MembershipOrganization | AwardWinnerReferences:
Company: Pacific Gas & Electric Co.
Overall Sentiment: 0.132406
Relevance: 0.375152
StateOrCounty: California
Overall Sentiment: -0.120438
Relevance: 0.539917
Disambiguation: Location | PoliticalDistrict | AdministrativeDivision | Appellation | GovernmentalJurisdiction | USState | WineRegionReferences:
City: SAN FRANCISCO
Overall Sentiment: -0.0976816
Relevance: 0.301078
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Source Webpage: feeds.cbsnews.com
The permit sales opened the largest carbon marketplace in the nation and the second-biggest in the world after the EU
URL Provided Keywords:
- carbon emissions
- pollution
- pollution permits
- San Francisco
Webpage Provided Title:
California sells out of first pollution permits
Source Webpage: feeds.cbsnews.com

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