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Trial run for cap and trade auction
SFGate.com ^ | 8/29/12 | David R. Baker

Posted on 08/29/2012 12:38:22 PM PDT by NormsRevenge

Come November, California will open North America's first full-scale carbon market, in which companies buy and sell the right to emit greenhouse gases from their factories, power plants and oil refineries.

It's a major undertaking involving hundreds of companies and - potentially - billions of dollars. Success or failure could have big implications for California's fight against climate change, not to mention the state's fragile economy.

So on Thursday, California officials plan to stage a dress rehearsal.

The California Air Resources Board will hold a practice auction, giving future players in the carbon market a chance to see how the process works in real time.

(Excerpt) Read more at sfgate.com ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Extended News; US: California
KEYWORDS: auction; boondoggle; capandtrade; carb; carboncredits; trialrun
'real-time' carbon credit trading? just a trial run?

what insanity befalls us?

CARB: courtesy of aRnold and the greens and AB 32.

1 posted on 08/29/2012 12:38:25 PM PDT by NormsRevenge
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Economic incentives to cut greenhouse emissions / SF

2 posted on 08/29/2012 12:41:11 PM PDT by NormsRevenge (Semper Fi)
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To: NormsRevenge

When they “buy” this “nothing”, who gets the money?


3 posted on 08/29/2012 12:42:35 PM PDT by FlingWingFlyer (Had enough of the freaks running the show yet?)
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To: NormsRevenge

How many CA companies are looking at this idiocy and saying, “That’s it, we’re outta here”?


4 posted on 08/29/2012 12:46:05 PM PDT by JPG (Make it happen.)
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To: NormsRevenge
NormsRevenge"When they “buy” this “nothing”, who gets the money?"

Part goes to those who set it up.

Which is why Mr. RomneyCARE supports this 100%.

Like the DNC, he has already invested in it, with his partner Soros.

It is doubtful that it can be stopped, even though a hoax.


5 posted on 08/29/2012 12:47:09 PM PDT by Diogenesis (Vi veri veniversum vivus vici)
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To: NormsRevenge
"Honest Abes Carbon Trading Emporium"
"You can trust us, we're not like the others"
6 posted on 08/29/2012 12:51:19 PM PDT by AU72
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To: NormsRevenge
California will open North America's first full-scale carbon market, in which companies buy and sell the right to emit greenhouse gases from their factories, power plants and oil refineries.

We have been overrun by madmen, it's the only explanation.

7 posted on 08/29/2012 12:53:17 PM PDT by EGPWS (Trust in God, question everyone else)
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To: Diogenesis
It is doubtful that it can be stopped, even though a hoax.

Well, there is two people now that I know that see it for what it is.

8 posted on 08/29/2012 12:56:05 PM PDT by EGPWS (Trust in God, question everyone else)
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To: NormsRevenge

The far left doesn't care if it's a hoax. I find their indifference amazing.

9 posted on 08/29/2012 12:58:20 PM PDT by Pollster1 (Freedom is never more than one generation away from extinction. - Ronald Reagan)
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To: FlingWingFlyer
When they “buy” this “nothing”, who gets the money?

Nobody.

Just watch for who suddenly is bestowed with an instant cash flow for no reason however and what happens to the cost of living.

10 posted on 08/29/2012 1:00:04 PM PDT by EGPWS (Trust in God, question everyone else)
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To: JPG
How many CA companies are looking at this idiocy and saying, “That’s it, we’re outta here”?

Don't know, but if I were CEO of a California company using fossil fuels or otherwise producing CO2, I'd be looking to emigrate to Texas.

11 posted on 08/29/2012 1:01:37 PM PDT by Ole Okie
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To: NormsRevenge
And where are the carbon credits "manufactured"? In China of course, like everything else.

"They quickly figured out that they could earn one carbon credit by eliminating one ton of carbon dioxide, but could earn more than 11,000 credits by simply destroying a ton of an obscure waste gas normally released in the manufacturing of a widely used coolant gas."

Source NYT 8/9/12

12 posted on 08/29/2012 1:08:03 PM PDT by Vide
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To: NormsRevenge

I have, through judicious dietary habits, managed to keep my cholesterol level extremely low. If anyone would like to go out tonight and enjoy a steak dinner, I will be more than happy to sell you some cholesterol credits. Cash only.


13 posted on 08/29/2012 1:08:35 PM PDT by Temujinshordes (I will still offer to shave Major Hassan with Napalm shaving cream and a Bic lighter.)
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To: Ole Okie

If im not mistaken BP is pulling its operation from
the state.


14 posted on 08/29/2012 1:08:39 PM PDT by chaos_5
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To: stephenjohnbanker

FYI


15 posted on 08/29/2012 1:12:10 PM PDT by DoughtyOne (Americans want what Americans always wanted: Better lives for families; little government authority.)
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To: Temujinshordes
See #12. The manufacture of Carbon credits is like a plastic surgeon getting 11,000 cholesterol credits for undertaking not to perform liposuction with a drinking straw.
16 posted on 08/29/2012 1:19:26 PM PDT by Vide
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To: NormsRevenge
well then WHATS THIS?

DIDN'T THIS THING DIE 2 YRS AGO?

'Death to the Chicago Climate Exchange ($7.40 to a nickel per CO2 ton, the market has spoken) By William Griesinger www.masterresource.org November 18, 2010' “One of the keystones of the Climate Change alarmist movement was its audacious attempt to create a functioning market by monetizing the atmospheric gas known as CO2…. Certainly, gaming the system has always been at the top on the agenda of the new green eco-trader.” - Patrick Henningsen, “The Great Collapse of the Chicago Climate Exchange,” 21st Century Wire, August 28, 2010. We were tipped off by the August 28th headline, “The Great Collapse of the Chicago Climate Exchange,” by Patrick Henningsen, editor of 21st Century Wire. And now it is official as reported by Chicago Business, Fox News , and Crain’s Chicago Business (sub. required): the Chicago Climate Exchange (CCX) is dead. Trading in carbon-dioxide (CO2) emission contracts at CCX has basically ceased with member emissions-reduction agreements expiring at the end of the year.

http://www.masterresource.org/2010/11/death-chicago-climate-exchange/
17 posted on 08/29/2012 1:40:00 PM PDT by jimsin (u)
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To: NormsRevenge
The idea is that by assigning a monetary value to the cost of polluting the air, individuals and companies would be encouraged to develop and fund cleaner alternatives or simply pass along the cost to their consumers. There, I fixed it.
18 posted on 08/29/2012 1:47:32 PM PDT by NonValueAdded (Tantaros: "Plainly put, Romney and Ryan can't push granny off the cliff. Obama beat them to it.")
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To: AU72

So, how do I get me some of them carbon credits assigned to me? The missus says I generate too much methane, so I must fit the requirement. I figure later on after I cut down on the beans, cheese and Schlitz, I’ll have a surplus I can sell for a profit! Where do I sign up?


19 posted on 08/29/2012 1:56:27 PM PDT by VanShuyten ("a shadow...draped nobly in the folds of a gorgeous eloquence.")
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To: NormsRevenge


20 posted on 08/29/2012 2:36:11 PM PDT by Iron Munro ("In any compromise between good and evil, it is only evil that can profit." - Ayn Rand)
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To: Diogenesis
Like the DNC, he [Mitt Romney] has already invested in it, with his partner Soros.

That's a pretty wild claim, even for you Diogenesis. Got some proof from a legitimate source quoting named sources? If not, maybe you should ask the Mod to pull your reply #5.

21 posted on 08/29/2012 4:06:19 PM PDT by upchuck ("Definition of 'racist:' someone that is winning an argument with a liberal." ~ Peter Brimelow)
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To: NormsRevenge

Another liberal fantasyland scam funded?Color me surprised!!


22 posted on 08/29/2012 4:12:33 PM PDT by mo (If you understand, no explanation is needed. If you don't understand, no explanation is possible.)
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To: upchuck

One of Mr. Romney’s supporters used to BOAST of this
two years ago, along with citing Staples.
Now, only Staples is mentioned.

The source is spot on.


23 posted on 08/29/2012 4:23:03 PM PDT by Diogenesis (Vi veri veniversum vivus vici)
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To: Diogenesis

Sorry, that won’t do. If you’re going to make wild claims you need to back them up with links to reliable sources. Other wise you’re just a lamer who’s losing credibility.


24 posted on 08/29/2012 4:40:54 PM PDT by upchuck ("Definition of 'racist:' someone that is winning an argument with a liberal." ~ Peter Brimelow)
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To: upchuck

Wrong, RomneyBOT.

The source is quite good.

You are going to have to live with it, just like
RomneyCARE, ObamaCARE, death panels, gay marriage,
global warming, and the rest of the Romney Agendae.


25 posted on 08/29/2012 4:49:31 PM PDT by Diogenesis (Vi veri veniversum vivus vici)
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To: Diogenesis
Wrong, RomneyBOT.

Was that directed at me? This has nothing to do with me. It all has to do with your posting wild allegations without any backup what so ever. You are disenfranchising yourself.

26 posted on 08/29/2012 7:48:15 PM PDT by upchuck ("Definition of 'racist:' someone that is winning an argument with a liberal." ~ Peter Brimelow)
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To: DoughtyOne

Thanks to you, I skipped breakfast : )


27 posted on 08/30/2012 8:04:54 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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