Calif. Panels To Mull Bills For Tapping Cap-And-Trade Funds

Law360, San Diego (April 20, 2012, 11:04 PM EDT) -- California lawmakers on Monday are set to consider three bills floated by Democrats that seek to make use of some of the revenue generated from California’s cap-and-trade auctions, but manufacturers claim these measures are nothing more than premature money-grab attempts.

The Assembly Natural Resources Committee plans to review A.B. 1532, proposed by Assembly Speaker John Perez, D-Los Angeles, that would create a greenhouse gas reduction account within the air pollution control fund and use funds to “facilitate the achievement of feasible and cost-effective reductions of greenhouse...
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